Debit or Credit Quiz

If Assets Increase, is it a Debit or a Credit?

• Debit

• Credit

If Liabilities Decrease, is it a Debit or a Credit?

• Debit

• Credit

If Capital Increases, is it a Debit or a Credit?

• Debit

• Credit

If Expenses Increase, is it a Debit or a Credit?

• Debit

• Credit

If Revenue Decreases, is it a Debit or a Credit?

• Debit

• Credit

If an Asset Account (e.g., Cash) Decreases, is it a Debit or a Credit?

• Debit

• Credit

If a Liability Account (e.g., Accounts Payable) Increases, is it a Debit or a Credit?

• Debit

• Credit

If Capital Decreases, is it a Debit or a Credit?

• Debit

• Credit

If an Expense Account (e.g., Rent Expense) Decreases, is it a Debit or a Credit?

• Debit

• Credit

If Cash is Received from a Customer (increasing Cash), is it a Debit or a Credit?

• Debit

• Credit