T Accounts Debits vs Credits

T Accounts Debits vs Credits

11th - 12th Grade

10 Qs

quiz-placeholder

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T Accounts Debits vs Credits

T Accounts Debits vs Credits

Assessment

Quiz

Business

11th - 12th Grade

Hard

Created by

William Schwan

Used 155+ times

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10 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

10 sec • 1 pt

If a Litability increases, which side will be impacted?

Debit

Credit

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

If an Asset increases, which side is impacted?

Debit

Credit

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

If owners equity decreases, which side is impacted?

Debit

Credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If an Asset decreases, which side will be impacted?

Debit

Credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a Liability decreases, which side will be impacted?

Debit

Credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If owners Equity increases, which side will be impacted?

Debits

Credits

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select the impacted accounts. Mr. Schwan's business recieves supplies but has not paid for them yet.

Asset Debit

Asset credit

Liability debit

Liability Credit

Owners Equity Credit

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