Accounting Transactions Quizzes, Questions & Answers

Top Trending Accounting Transactions Quizzes

Answer The Following Debiting And Crediting In Accounting Quiz

Explore the intricacies of debit and credit in accounting through practical scenarios involving Office Depot's inventory transactions. This quiz enhances understanding of the perpetual inventory system, focusing on real-world...

Questions: 6 | Attempts: 10 | Last updated: Aug 4, 2025

Sample Question
Purchase calculators from Abacus Co. at a total cost of $1,650, terms n/30. What is the correct journal entry for this transaction?

Sales $1,650; Cash $1,650

Inventory $1,650; Cash $1,650

Accounts Receivable $1,650; Accounts Payable $1,650

Inventory $1,650 Accounts Payable $1,650