ICEV Left or right Debit or Credit
Authored by Patricia Trubee
Business
8th Grade - Professional Development
Used 3+ times
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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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