Test your basic knowledge |

Accounting Debit Credit Rules

Subject : business-skills
Instructions:
  • Answer 16 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Owners Equity






2. Credit






3. A debit increases...






4. A credit increases..






5. Receivable






6. Net Income






7. Posting






8. A debit decreases...






9. Revenue






10. Debit






11. Normal Balance






12. Payable






13. Expense






14. A credit decreases...






15. Journal






16. Ledger