debit and credit accounting quiz

Quiz 26: Debit and Credit Accounting Quiz

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

Not Ready for the Debit and Credit Accounting Quiz?

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

Start the Debit and Credit Accounting Quiz

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

1. Started a business with cash, which account is credited?
Wrong
Right!
2. Purchased a building for cash, which account is credited?
Right!
Wrong
3. Purchased inventory from a supplier on account. Which account is credited?
Right!
Wrong
4. Sold goods to a customer for cash. Which account is credited?
Wrong
Right!

 

 

5.Goods are returned to a supplier, which account is credited?
Wrong
Right!
6. Goods are sold to a customer on account, which account is debited?
Right!
Wrong
7. Goods are returned by a customer, which account is debited?
Wrong
Right!
8. Wages for the month are paid to employees. Which account is debited?
Right!
Wrong
9. Rent for the month is paid in cash, which account is credited?
Right!
Wrong
10. The business purchased a new machine, which account is debited?
Right!
Wrong

Try Another Double Entry Bookkeeping Quiz

The debit and credit accounting 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 November 28th, 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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