Basic Accounting

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1. Debits and Credits are a part of double entry bookkeeping?

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Basic Accounting Quizzes & Trivia

In the following quiz, we’ll be taking a look at the ever-important topic of accounting – a practice whereby financial information about economic entities such as businesses and corporations is recorded, measured, processed and communicated. If you’re looking to pursue a career in accounting, then this is the quiz fo... see moreyou! Let’s see how much you can tell us about it! Good luck! see less

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2. In accounting Debit (Dr) means which side of a ledger account?

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3. To increase an Asset you Debit the account?

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4. Assets = Liabilites - expenses

Explanation

Assets = Liabilities + Owner's Equity

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5. When booking a Legal Fee Expense payment the correct journal entry is...

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6. When booking an Interest Receipt the correct journal entry is...

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Debits and Credits are a part of double entry bookkeeping?
In accounting Debit (Dr) means which side of a ledger account?
To increase an Asset you Debit the account?
Assets = Liabilites - expenses
When booking a Legal Fee Expense payment the correct journal entry...
When booking an Interest Receipt the correct journal entry is...
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