debit and credit bookkeeping quiz

Quiz 17: Debit and Credit Bookkeeping Quiz

Take our debit and credit bookkeeping quiz to check out your knowledge of debits and credits used in double entry bookkeeping.

Not Ready for the Debit and Credit Bookkeeping Quiz?

If you need a refresher course on this topic you can view our debit and credit bookkeeping examples here.

Start the Debit and Credit Bookkeeping Quiz

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

1. An entrepreneur invests 20,000 in a business checking account. In which account is the debit entry made?
Wrong
Right!
2. The business performed services on account for a customer for 4,000. Which account is the debit entry made to?
Right!
Wrong
3. The business buys supplies for 500 cash. Which account is the credit entry made to?
Right!
Wrong

 

4. The business bought computer equipment on account from a supplier for 3,200. Which account is debited?
Wrong
Right!
5. Which account is credited if the business settles a supplier account for newspaper advertising for 500?
Wrong
Right!
6. Rent of 2,000 is paid in cash, which account is debited?
Right!
Wrong
7. The business bought computer supplies on account from a supplier for 700. Which account is debited?
Wrong
Right!
8. An amount of 3,000 is received on account from a customer in relation to a balance outstanding for services provided. Which account is credited?
Right!
Wrong
9. An amount of 5,000 is paid on account to a supplier in relation to a balance outstanding for supplies purchased. Which account is debited?
Right!
Wrong
10. An amount of 700 is paid to the entrepreneur (owner) for personal use. Which account is debited?
Right!
Wrong

Try Another Double Entry Bookkeeping Quiz

The debit and credit bookkeeping 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 December 2nd, 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.

You May Also Like

Posted By: Michael Brown
Bookkeeping Basics