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Debit/Credit QUIZ

Authored by Fran Clark

Business

10th - 12th Grade

Used 52+ times

Debit/Credit QUIZ
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Receiving cash is a (Cash)

Debit

Credit

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Paying cash is a (Cash)

Debit

Credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business sells something to a customer but they will pay later (accounts receivable)

Debit

Credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A customer pays on their account (accounts receivable)

Debit

Credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Business prepays for 6 months of insurance (prepaid insurance)

Debit

Credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Gaining supplies for a business is a (Supplies)

Debit

Credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business buys something on account (accounts payable)

Debit

Credit

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