Chapter 5 - Debits and Credits

Chapter 5 - Debits and Credits

11th - 12th Grade

11 Qs

quiz-placeholder

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Chapter 5 - Debits and Credits

Chapter 5 - Debits and Credits

Assessment

Quiz

Other

11th - 12th Grade

Medium

Created by

Laura Mahler

Used 43+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Normal balance of Supplies
debit
credit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When supplies are bought on account, which column is used in Accounts Payable?
debit
credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Normal balance of owner's capital account
debit
credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Balance column in the capital account after an initial investment is posted.
debit
credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Normal balance of Sales
debit
credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which side is the account balance when the only entry is a credit?
debit
credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Normal balance of Cash
debit
credit

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