FABM1- quiz debit and credit
Authored by Grace Fronda
Business
11th Grade
Used 33+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I want to increase the asset account, I will _______ the asset account.
debit
credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I want to decrease the asset account, I will______ the asset account.
debit
credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I want to decrease my expense account , I will_______ the expense account
debit
credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I want to increase the liability account, I will _____the liability account.
debit
credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
. If I want to increase my expense account, I will _______ the expense account.
debit
credit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I want to decrease the liability account. I will (debit, credit) the liability account.
debit
credit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I want to increase the owner’s equity account, I will (debit, credit) the owner’s equity account.
debit
credit
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