Accounting debit and credit

Quiz by David Glavach

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Q 1/8
Score 0
Which statement correctly describes the use of debit and credit in accounting?
30
Debits increase assets and expenses, while credits increase liabilities and equity.
Debits increase liabilities and expenses, while credits increase assets and equity.
Debits increase assets and equity, while credits increase liabilities and expenses.
Debits increase liabilities and equity, while credits increase assets and expenses.
Q 2/8
Score 0
Which account type is increased by a credit entry?
30
Liabilities
Expenses
Assets
Equity

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Accounting debit and credit

Quiz by David Glavach

Customize this quiz to suit your class

Instantly translate to 100+ languages

Measure skills

from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

Q 1/8
Score 0
Which statement correctly describes the use of debit and credit in accounting?
30
Debits increase assets and expenses, while credits increase liabilities and equity.
Debits increase liabilities and expenses, while credits increase assets and equity.
Debits increase assets and equity, while credits increase liabilities and expenses.
Debits increase liabilities and equity, while credits increase assets and expenses.
Q 2/8
Score 0
Which account type is increased by a credit entry?
30
Liabilities
Expenses
Assets
Equity

8 questions

Q.

Which statement correctly describes the use of debit and credit in accounting?

1

30 sec

Q.

Which account type is increased by a credit entry?

2

30 sec

Q.

Which of the following accounts is typically increased by a debit entry?

3

30 sec

Q.

Which account is debited when recording a sale?

4

30 sec

Q.

Which account is credited when recording a cash payment?

5

30 sec

Q.

In double-entry bookkeeping, what does a debit entry represent?

6

30 sec

Q.

Which account is credited when recording a purchase on credit?

7

30 sec

Q.

Which account is debited when recording a payment of expenses?

8

30 sec