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ICEV Left or right Debit or Credit

Authored by Patricia Trubee

Business

8th Grade - Professional Development

Used 3+ times

ICEV Left or right Debit or Credit
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Based on the information you have already learned from the Basic Accounting Segment part of the unit presentation, determine whether each account should be in the Debit category or the Credit category. REMEMBER

ASSETS = LIABILITIES + STOCKHOLDERS’ EQUITY

Supplies

Debit

Credit

2.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Based on the information you have already learned from the Basic Accounting Segment part of the unit presentation, determine whether each account should be in the Debit category or the Credit category. REMEMBER

ASSETS = LIABILITIES + STOCKHOLDERS’ EQUITY

Capital

Debit

Credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Based on the information you have already learned from the Basic Accounting Segment part of the unit presentation, determine whether each account should be in the Debit category or the Credit category. REMEMBER

ASSETS = LIABILITIES + STOCKHOLDERS’ EQUITY

Inventory

Debit

Credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Based on the information you have already learned from the Basic Accounting Segment part of the unit presentation, determine whether each account should be in the Debit category or the Credit category. REMEMBER

ASSETS = LIABILITIES + STOCKHOLDERS’ EQUITY

Common Stock

Debit

Credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Based on the information you have already learned from the Basic Accounting Segment part of the unit presentation, determine whether each account should be in the Debit category or the Credit category. REMEMBER

ASSETS = LIABILITIES + STOCKHOLDERS’ EQUITY

Cash

Debit

Credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Based on the information you have already learned from the Basic Accounting Segment part of the unit presentation, determine whether each account should be in the Debit category or the Credit category. REMEMBER

ASSETS = LIABILITIES + STOCKHOLDERS’ EQUITY

Notes Payable

Debit

Credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 4 pts

Based on the information you have already learned from the Basic Accounting Segment part of the unit presentation, determine whether each account should be in the Debit category or the Credit category. REMEMBER

ASSETS = LIABILITIES + STOCKHOLDERS’ EQUITY

Accounts Receivable

Debit

Credit

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