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accounting competition

Quiz by Shaikha

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10 questions
Show answers
  • Q1
    A type of assets?
    Question Image
    A/P
    cash
    loan
    Income
    30s
  • Q2
    A type of liability?
    A/R
    supplies
    cash
    A/P
    30s
  • Q3
    assets increase in ?
    Question Image
    credit
    debit
    30s
  • Q4
    Liability increase in?
    credit
    debit
    30s
  • Q5
    Assets-liability =
    Question Image
    cash
    equity
    profit
    income
    30s
  • Q6
    revenue - expense
    assets
    gross profit
    net profit
    30s
  • Q7
    .................increase in debit?
    liability
    income
    expense
    30s
  • Q8
    withdrawal is decrease in?
    debit
    credit
    30s
  • Q9
    assets =
    liability+equity
    revenue+expense
    liability+equity
    revenue-expense
    30s
  • Q10
    .............. increase in credit?
    expense
    revenue
    30s

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