Quiz 37: Debit Credit In Accounting Quiz

Debit Credit In Accounting Quiz

Test your knowledge of mdct.ru with our online debit credit in accounting quiz.

If you need a refresher course on this topic you can view our basics of bookkeeping tutorials here.

Start the Debit Credit In Accounting Quiz Quiz

Click on an answer to reveal whether its Right! or Wrong

1. A fixed asset is disposed of for cash. What type of entry is made on the fixed assets account?
Wrong
Wrong
Right!
2. A business makes cash purchases. What type of entry is made to the cash account?
Right!
Wrong
Wrong
3. A business signs a contract with a new employee. What type of entry is made to the wages account.
Wrong
Right!
Wrong

4. Wages of 1,500 are paid to an employee. What type of entry is made to the wages account?
Wrong
Wrong
Right!
5. Goods are sold on account to a customer. What type of entry is made to accounts receivable?
Wrong
Wrong
Right!
6. Commission is earned by a business. What type of entry is made to the commissions earned account?
Right!
Wrong
Wrong
7. Discounts are allowed to a customer. What type of entry is made to the discounts allowed account?
Wrong
Right!
Wrong
8. Inventory is are purchased on account from a supplier. What type of entry is made on the accounts payable account?
Right!
Wrong
Wrong
9. Goods are sold for cash. What type of entry is made on the accounts receivable account?
Right!
Wrong
Wrong
10. A business owner injects cash into a business. What type of entry is made to the cash account?
Wrong
Right!
Wrong

Try Another mdct.ru Quiz

Random bookkeeping quizzes for you to test your knowledge.

Quiz 37: Debit Credit In Accounting Quiz December 14th, 2016Team

You May Also Like


Related pages


sample timesheet template excelgross margin calcwhat is accounts payable ledgerfixed asset turnover ratio examplewageadvancesimple gross margin calculatorformula of acid test ratioinvested capital turnoverformula for total fixed costpre operating expenses accounting treatmenttotal overhead appliedchart of accounts restaurantsuspenses accountfreight consignmentexcel spreadsheet for accounting200 db depreciation calculatorasset revaluation reserve journal entriescoupon bond calculator present valuedividend statement templatefactoring of trade receivablesexcel rate formula examplehow to find acid test ratiocalculate gross margin percentage formuladepreciation templatevertical common size income statementamortisation scheduleannuity immediate and annuity duewhat does accrued income meanbasic accounting quiz and answersfavorable and unfavorable varianceswhat is nsf checkjournal entry of depreciationtotal asset turnover equationthe asset turnover ratio is computed by dividingformula of present value of annuityinventory turns formulaamortisation rateaverage accounting rate of returnsimple bookkeeping formspvad tabledupont roareceive cash on account journal entryexample of a petty cash bookjournal entry for interest accrued on fixed depositaccurred definitiontransposition errorscompounding formula in excelaccounting templates excel worksheetssales ledger control account layoutdepreciation of fixed assets definitiondeffered tax calculationjournal entry to record bad debt expenseroyalty revenue accountingaccounts receivable interview questions and answersdouble entry bookkeeping tutorialformula for growing annuityannuities formulashow to find dividends paid on balance sheethow to calculate days receivable ratiodupont analysis calculatormerchandise inventory beginninginventory count templateage of accounts receivableexamples of indirect laborfob accountingentry to replenish a petty cash fundlifo periodic and perpetualhow to calculate fifo in accountingcreditors turnover ratiomonthly bookkeeping templatesmall business bookkeeping templateaccounts payable to sales ratiocash vs accrualsprepayment assetprovision for doubtful accountsnsf accounting definition