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. Journal






2. Ledger






3. Posting






4. Expense






5. A credit increases..






6. Credit






7. Net Income






8. Revenue






9. A debit decreases...






10. Payable






11. Owners Equity






12. A credit decreases...






13. Normal Balance






14. A debit increases...






15. Debit






16. Receivable