Quiz 53: Identify the Debit Entry

Test your knowledge of double entry bookkeeping with our identify the debit entry quiz.

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

Start the Identify the Debit Entry Quiz

For each question click on an answer to reveal whether its Right! or Wrong.

 

1. Identify the debit entry when a business buys equipment on credit?
Wrong
Right!
Wrong
2. Identify the debit entry when a business buys inventory on credit terms from a supplier?
Right!
Wrong
Wrong
3. Identify the debit accounting entry when goods are sold on credit?
Wrong
Right!
Wrong
4. Identify the debit entry when a credit supplier is paid?
Wrong
Wrong
Right!
5. Identify the debit entry when wages are paid in cash?
Wrong
Wrong
Right!
6. Identify the debit entry when rent is paid by the business?
Right!
Wrong
Wrong
7. Identify the debit bookkeeping entry when a credit note is received from a supplier?
Wrong
Right!
Wrong
8. Identify the debit accounting entry when a customer is given a credit note for damaged goods?
Right!
Wrong
Wrong
9. Identify the debit entry when cash is collected from a credit account customer?
Right!
Wrong
Wrong
10. Identify the debit bookkeeping entry when inventory is sold for cash?
Wrong
Wrong
Right!

 

 

 

 

Try Another Double Entry Bookkeeping Quiz

This accounting quiz is one of many of our online quizzes which are 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.

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