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WorksheetsQUIZ REVIEW - TLE 10 3RD LONG TEST
Total questions: 15
Worksheet time: 15mins
1. What step is also known as an unadjusted trial balance?
a. Step 1
b. Step 2
c. Step 3
d. Step 4
2. What step is also known as reversing entry?
a. Step 7
b. Step 8
c. Step 9
d. Step 10
3. What step in transaction analysis do we apply the rules of debit and credit?
a. 1
b. 2
c. 3
d. 4
4. In what step in transaction analysis, we can determine the effect of the transaction either
increase or decrease?
a. 1
b. 2
c. 3
d. 4
5. Which of the following step in the accounting cycle is preparing the financial statement?
a. 6
b. 7
c. 8
d. 9
6. Which of the following step in the accounting cycle is preparing a post-closing trial balance?
a. 6
b. 7
c. 8
d. 9
7. Which of the following is debited when it increases?
a. Withdrawals
b. Liabilities
c. Capital
d. Income
8. Which of the following is credited when it increases?
a. Withdrawals
b. Liabilities
c. Assets
d. Expenses
9. Which of the following is debited when it decreases?
a. Withdrawals
b. Expenses
c. Assets
d. Income
10. Which of the following is credited when it decreases?
a. Expenses
b. Liabilities
c. Capital
d. Income
11. Which of the following is NOT debited when it increases?
a. Withdrawals
b. Liabilities
c. Assets
d. Expenses
12. Which of the following is NOT credited when it increases?
a. Expenses
b. Liabilities
c. Capital
d. Income
13. Which of the following is debited when it increases?
a. Assets
b. Liabilities
c. Capital
d. Income
14. Which of the following is credited when it increases?
a. Withdrawals
b. Expenses
c. Assets
d. Capital
15. What is always on the right side of the column?
a. Increase
b. Debit
c. Decrease
d. Credit
