Quiz 17: Debit and Credit Bookkeeping Quiz

Take our debit and credit bookkeeping quiz to check out your knowledge of debits and credits used in mdct.ru.

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1. An entrepreneur invests 20,000 in a business checking account. In which account is the debit entry made?
Wrong
Right!
2. The business performed services on account for a customer for 4,000. Which account is the debit entry made to?
Right!
Wrong
3. The business buys supplies for 500 cash. Which account is the credit entry made to?
Right!
Wrong

4. The business bought computer equipment on account from a supplier for 3,200. Which account is debited?
Wrong
Right!
5. Which account is credited if the business settles a supplier account for newspaper advertising for 500?
Wrong
Right!
6. Rent of 2,000 is paid in cash, which account is debited?
Right!
Wrong
7. The business bought computer supplies on account from a supplier for 700. Which account is debited?
Wrong
Right!
8. An amount of 3,000 is received on account from a customer in relation to a balance outstanding for services provided. Which account is credited?
Right!
Wrong
9. An amount of 5,000 is paid on account to a supplier in relation to a balance outstanding for supplies purchased. Which account is debited?
Right!
Wrong
10. An amount of 700 is paid to the entrepreneur (owner) for personal use. Which account is debited?
Right!
Wrong

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Quiz 17: Debit and Credit Bookkeeping Quiz November 22nd, 2017Team

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