Debit/Credit QUIZ
10th - 12th Grade
•12 Qs
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Debit/Credit QUIZ
Quiz
•
Business
•
10th - 12th Grade
•
Practice Problem
•
Medium
Fran Clark
Used 46+ times
FREE Resource
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12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Receiving cash is a (Cash)
Debit
Credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Paying cash is a (Cash)
Debit
Credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business sells something to a customer but they will pay later (accounts receivable)
Debit
Credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A customer pays on their account (accounts receivable)
Debit
Credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Business prepays for 6 months of insurance (prepaid insurance)
Debit
Credit
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Gaining supplies for a business is a (Supplies)
Debit
Credit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business buys something on account (accounts payable)
Debit
Credit
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