Quiz 12: Debit or Credit Quiz

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

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

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

1. Is the plant and machinery account normally a debit or a credit?
Wrong
Right!
2. Is the inventory account normally a debit or credit?
Right!
Wrong

 

3. Is the prepaid expenses account normally a credit or debit?
Right!
Wrong
4. Is the petty cash account normally a debit or a credit?
Wrong
Right!
5. Is the sales discount allowed account normally a debit or credit?
Wrong
Right!
6. Is the commissions received account normally a credit or debit?
Right!
Wrong
7.Is the accumulated depreciation account normally a debit or a credit?
Wrong
Right!
8. Is the accruals account normally a debit or credit?
Right!
Wrong
9. Is the revenue account normally a credit or debit?
Right!
Wrong
10. Is the accounts payable account normally a credit or a debit?
Right!
Wrong

Try Another Double Entry Bookkeeping Quiz

The debit or 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 July 16th, 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 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.

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