Take our debit or credit quiz to check out your knowledge of debits or credits used in double entry bookkeeping.
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Debits and credits are two fundamental terms in accounting that help to record financial transactions. Accordingly it is important to have a clear understanding of these terms. If you need a refresher course on this topic you can view our debit and credit examples here.
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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 in business. Discover another at the links below.
- Quiz 51: Assets Liabilities Equity Quiz
- Quiz 63: Cash Book Receipt or Payment
- Quiz 55: Capital or Revenue Expenditure Quiz
- Quiz 6: Debit and Credit Quiz
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.