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. Payable






3. Credit






4. Expense






5. Journal






6. A debit increases...






7. A credit increases..






8. Ledger






9. Net Income






10. Debit






11. Normal Balance






12. Owners Equity






13. Posting






14. A credit decreases...






15. Receivable






16. Revenue