Quiz 12: Debit or Credit Quiz

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

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1. Is the plant and machinery account normally a debit or a credit?
Wrong
Right!
2. Is the inventory account normally a debit or credit?
Right!
Wrong

3. Is the prepaid expenses account normally a credit or debit?
Right!
Wrong
4. Is the petty cash account normally a debit or a credit?
Wrong
Right!
5. Is the sales discount allowed account normally a debit or credit?
Wrong
Right!
6. Is the commissions received account normally a credit or debit?
Right!
Wrong
7.Is the accumulated depreciation account normally a debit or a credit?
Wrong
Right!
8. Is the accruals account normally a debit or credit?
Right!
Wrong
9. Is the revenue account normally a credit or debit?
Right!
Wrong
10. Is the accounts payable account normally a credit or a debit?
Right!
Wrong

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Quiz 12: Debit or Credit Quiz December 14th, 2016Team

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