Quiz 59: Accounting Debits and Credits Quiz

Test your knowledge of double entry bookkeeping with our accounting debits and credits quiz.

Not Ready for the Quiz?

If you need a refresher course on the use of accounting debits and credits, take a look at our basics of bookkeeping and accounting equation tutorials.

Start the Accounting Debits and Credits Quiz

The components of the accounting equation are impacted by both debits and credits. Can you identify whether a debit or a credit is responsible for the following.

For each question click on an answer to reveal whether its Right! or Wrong.

 

1. Increase in assets?
Right!
Wrong
2. Increase in capital?
Wrong
Right!
3. Decrease in capital?
Right!
Wrong
4. Increase in liabilities?
Wrong
Right!
5. Decrease in assets?
Wrong
Right!
6. Decrease in liabilities?
Right!
Wrong
7. Increase in expenses?
Right!
Wrong
8. Decrease in income?
Right!
Wrong
9. Decrease in expenses?
Wrong
Right!
10. Increase in income?
Wrong
Right!

 

 

 

 

Try Another Double Entry Bookkeeping Quiz

This accounting debits and credits quiz is one of many of our online quizzes which are used to test your knowledge of double entry bookkeeping, discover another at the links below.

Last modified July 16th, 2019 by Michael Brown

About the Author

Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years in all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a BSc from Loughborough University.

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