Test your knowledge of the accounting equation with our online accounting equation quiz.
There are three types of account that make up the accounting equation, asset, liability, and capital, but do you know the effect of debits and credits on each?
Not Ready for the Accounting Equation Quiz?
If you need a refresher course on this topic you can view our accounting equation tutorials here.
Start the Accounting Equation Quiz
Click on an answer to reveal whether its Right! or Wrong
Try Another Double Entry Bookkeeping Quiz
The accounting equation quiz is one of many of our online quizzes which can be used to test your knowledge of double entry bookkeeping, discover another at the links below.
- Quiz 42: Special Journals Quiz
- Quiz 52: Accounting Entries
- Quiz 62: Costs Included in Inventory
- Quiz 13: Balance Sheet or Income Statement Quiz