Test your knowledge of double entry bookkeeping with our accounting transactions quiz.
In order to correctly enter transactions in the bookkeeping records it is necessary to be able to identify the effect of each transaction on the assets, liabilities and equity of the business.
Not Ready for the Quiz?
Start the Accounting Transactions Quiz
For each question click on an answer to reveal whether its Right! or Wrong.
Try Another Double Entry Bookkeeping Quiz
This accounting transactions 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.
- Quiz 56: Source Documents in Accounting Quiz
- Quiz 23: Cash Flow Statement
- Quiz 12: Debit or Credit Quiz
- Quiz 26: Debit and Credit Accounting 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.