RULES OF DEBIT & CREDIT

RULES OF DEBIT & CREDIT

11th Grade

15 Qs

quiz-placeholder

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RULES OF DEBIT & CREDIT

RULES OF DEBIT & CREDIT

Assessment

Quiz

Education

11th Grade

Practice Problem

Medium

Created by

Arushi Sinha

Used 99+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Drawing account is a

Personal account

Real account

Nominal account

None of these

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Debit the receiver, credit the............ Is the rule for personal account

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Goodwill account is a........... Account.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Capital account is a a

Natural personal account

Artificial personal account

Representative personal account

None of these

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Debit what comes in and credit what goes out is the rule of .............account.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Sundry creditors account is a ........

Revenue account

Capital account

Liability account

None of these

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An decrease in which of the following account will be recorded on the the debit side?

Purchases account

Bills receivable account

Patents account

Bills payable account

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