Lesson 02 - 01 Rules of Debit and Credit

Lesson 02 - 01 Rules of Debit and Credit

Professional Development

15 Qs

quiz-placeholder

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Lesson 02 - 01 Rules of Debit and Credit

Lesson 02 - 01 Rules of Debit and Credit

Assessment

Quiz

Financial Education

Professional Development

Easy

Created by

Michael Lagunday

Used 4+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

Determine whether the account is to be DEBITed or CREDITed.

Increase in Cash account

Debit

Credit

2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Determine whether the account is to be DEBITed or CREDITed.

Decrease in Accounts Payable account

Debit

Credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Determine whether the account is to be DEBITed or CREDITed.

Increase in Revenue account

Debit

Credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Determine whether the account is to be DEBITed or CREDITed.

Increase in Salaries Payable account

Debit

Credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Determine whether the account is to be DEBITed or CREDITed.

Increase in Accounts Receivable account

Debit

Credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Determine whether the account is to be DEBITed or CREDITed.

Decrease in Noted Receivable account

Debit

Credit

7.

MULTIPLE CHOICE QUESTION

45 sec • 4 pts

Determine whether the account is to be DEBITed or CREDITed.

Increase in Accrued Expense account

Debit

Credit

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