RULES OF DEBIT AND CREDIT

RULES OF DEBIT AND CREDIT

University

10 Qs

quiz-placeholder

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RULES OF DEBIT AND CREDIT

RULES OF DEBIT AND CREDIT

Assessment

Quiz

Social Studies

University

Medium

Created by

JAYPEE BIGNO

Used 11+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following account titles is differently classified from the others listed?

Unearned Service Income

Accounts payable

Notes payable

Prepaid Expense

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following account titles is differently classified from the others listed?

Cash in bank

Accounts receivable

Supplies inventory

Owner's equity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following account titles is differently classified from the others listed?

Service revenue

Depreciation expense

Supplies inventory

Uncollectible account

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Indicate the effect on the balances of the following accounts.

Accounts receivable account is increased

Debit

Credit

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Indicate the effect on the balances of the following accounts.

Accumulated Depreciation account is increased

Debit

Credit

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Indicate the effect on the balances of the following accounts.

Service income account is decreased

Debit

Credit

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Indicate the effect on the balances of the following accounts.

Notes payable account is decreased

Debit

Credit

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