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. A credit decreases...






2. Payable






3. Owners Equity






4. Revenue






5. Ledger






6. Posting






7. Journal






8. A debit decreases...






9. A credit increases..






10. Debit






11. Credit






12. A debit increases...






13. Expense






14. Receivable






15. Normal Balance






16. Net Income