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journal entries - debits and credits
Quiz
•
Business
•
University
•
Medium
Kylie Harris
Used 6+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Assets are increased by...
debits
credits
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Liabilities are increased by...
credits
debits
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Stockholder's equity is increased by...
credits
debits
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Sales or revenue is increased by...
credit
debit
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Gain is increased by...
credit
debit
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Expenses are increased by...
debit
credit
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Losses are increased by...
debit
credit
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