Accounting T-accounts Quiz
Authored by Jabnia Santana Guzman
Other
12th Grade
Used 29+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of account is cash?
Asset
Liability
Equity
Expense
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do we increase an asset account?
Debit
Credit
Increase
Decrease
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of account is capital?
Asset
Liability
Equity
Expense
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do we make a revenue account go up?
Debit
Credit
Increase
Decrease
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of account is supplies?
Asset
Liability
Equity
Expense
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do we decrease a liability account?
Debit
Credit
Increase
Decrease
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of account is accounts payable?
Asset
Liability
Equity
Expense
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