Free Printable Accounting T-accounts Quiz

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Accounting T-accounts Quiz

Total questions: 15

Worksheet time: 8mins

Name

Class

Date

1.

What type of account is cash?

a)

Asset

b)

Liability

c)

Equity

d)

Expense

2.

How do we increase an asset account?

a)

Debit

b)

Credit

c)

Increase

d)

Decrease

3.

What type of account is capital?

a)

Asset

b)

Liability

c)

Equity

d)

Expense

4.

How do we make a revenue account go up?

a)

Debit

b)

Credit

c)

Increase

d)

Decrease

5.

What type of account is supplies?

a)

Asset

b)

Liability

c)

Equity

d)

Expense

6.

How do we decrease a liability account?

a)

Debit

b)

Credit

c)

Increase

d)

Decrease

7.

What type of account is accounts payable?

a)

Asset

b)

Liability

c)

Equity

d)

Expense

8.

How do we make an expense account go up?

a)

Debit

b)

Credit

c)

Increase

d)

Decrease

9.

What type of account is prepaid insurance?

a)

Asset

b)

Liability

c)

Equity

d)

Expense

10.

How do we increase a liability account?

a)

Debit

b)

Credit

c)

Increase

d)

Decrease

11.

What type of account is fees earned?

a)

Asset

b)

Liability

c)

Equity

d)

Expense

12.

How do we make a cash account go down?

a)

Debit

b)

Credit

c)

Increase

d)

Decrease

13.

What type of account is accounts receivable?

a)

Asset

b)

Liability

c)

Equity

d)

Expense

14.

How do we increase an expense account?

a)

Debit

b)

Credit

c)

Increase

d)

Decrease

15.

What type of account is rent expense?

a)

Asset

b)

Liability

c)

Equity

d)

Expense

Reset

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