Quiz 1: Debit/Credit balance, increase/decrease

Quiz 1: Debit/Credit balance, increase/decrease

11th Grade

35 Qs

quiz-placeholder

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Quiz 1: Debit/Credit balance, increase/decrease

Quiz 1: Debit/Credit balance, increase/decrease

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Ella Ocubillo

Used 1+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 2 pts

Revenue accounts normally have a _______ balance.

debit

credit

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

To increase Prepaid Rent, you _______ it.

debit

credit

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

When you credit Accounts Payable, it will _______..

increase

decrease

4.

MULTIPLE CHOICE QUESTION

10 sec • 2 pts

Asset accounts normally have a _______ balance.

debit

credit

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

When you credit Salaries Expense, it will _______.

increase

decrease

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

To decrease Property, Plant & Equipment, you _______ it.

debit

credit

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

When you debit Accounts Receivable, it will _______..

increase

decrease

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