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 debit decreases...






2. A credit increases..






3. Normal Balance






4. Journal






5. A credit decreases...






6. Credit






7. Debit






8. Posting






9. A debit increases...






10. Receivable






11. Payable






12. Owners Equity






13. Ledger






14. Expense






15. Net Income






16. Revenue