accounting debit and credit quiz

Quiz 45: Accounting Debit and Credit Quiz

Test your knowledge of double entry bookkeeping with our accounting debit and credit quiz.

If you need a refresher course on this topic you can view our basics of bookkeeping tutorials here.

Start the Accounting Debit and Credit Quiz

Click on an answer to reveal whether its Right! or Wrong

1. The owner of the business invests 100,000, is the double entry posting to the capital account a debit or a credit?
Wrong
Right!
2. Rent is prepaid for an office for the business, is the accounting entry to the prepaid rent account a debit or a credit?
Right!
Wrong
3. Office equipment is purchased on account from a supplier, is the double entry to the equipment account a debit or a credit?
Right!
Wrong

 

4. Supplies are purchased for cash, is the double entry posting to the supplies on hand account a debit or a credit entry?
Right!
Wrong
5. The business carried out work for a customer and was paid in cash, is the entry to the revenue account a debit or a credit?
Wrong
Right!
6. Work was completed and invoiced to a customer for payment within 30 days, is the posting to accounts receivable a debit or a credit?
Right!
Wrong
7. Insurance for the next year was paid in advance in cash, is the double entry bookkeeping entry to the cash account a debit or a credit?
Wrong
Right!
8. Cash was paid to a supplier for goods supplied by them on credit terms, is the entry to accounts payable a debit or credit entry?
Right!
Wrong
9. Cash was received on account from a customer for partially completed work, is the entry to the cash account a debit or a credit?
Right!
Wrong
10. The business paid a dividend to the owners, is the double entry posting to the dividend account a debit or a credit.
Right!
Wrong

Try Another Double Entry Bookkeeping Quiz

The accounting debit and credit 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.

Last modified September 26th, 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 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.

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