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.

Not Ready for the Quiz?

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

Start the Debit or Credit Quiz

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 December 14th, 2016 by Team

You May Also Like