Test your knowledge of the accounting equation with our online accounting equation exercises. There are three types of account that make up the accounting equation list, asset, liability, and capital, but do you know the effect of debits and credits on each?
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Try Another Double Entry Bookkeeping Quiz
The accounting equation exercises 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 36: Basic Accounting Equation Quiz
- Quiz 26: Debit and Credit Accounting Quiz
- Quiz 10: Bank Reconciliation Test
- Quiz 43: Cash Flow Classification Quiz
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 and has built financial models for 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 degree from Loughborough University.