Accounting T-accounts Quiz

Accounting T-accounts Quiz

12th Grade

15 Qs

quiz-placeholder

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Accounting T-accounts Quiz

Accounting T-accounts Quiz

Assessment

Quiz

Other

12th Grade

Medium

Created by

Jabnia Santana Guzman

Used 29+ times

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15 questions

Show all answers

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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