Quiz 30: Debit Credit Accounting Quiz

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

Not Ready for the Debit Credit Accounting Quiz?

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

Start the Debit Credit Accounting Quiz

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

1. In double entry bookkeeping debit means?
Wrong
Right!
2. In double entry bookkeeping credit means?
Right!
Wrong
3. In double entry bookkeeping every transaction affects how many accounts?
Right!
Wrong
4. Each double entry bookkeeping transaction must include?
Wrong
Right!

 

5. In double entry bookkeeping transactions which of the following must be true?
Wrong
Right!
6. What type of entry is posted to the cash account for cash received?
Right!
Wrong
7. What type of entry is posted to the cash account for cash paid?
Wrong
Right!
8. What type of entry is used to decrease an asset account?
Right!
Wrong
9. What type of entry is used to decrease a liability account?
Right!
Wrong
10. What type of entry is used to increase the owners equity account?
Right!
Wrong

Try Another Double Entry Bookkeeping Quiz

The debit 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 December 14th, 2016 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 in 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 BSc from Loughborough University.

You May Also Like

Posted By: Michael Brown
Bookkeeping Basics