Lesson 02 - 01 Rules of Debit and Credit
Authored by Michael Lagunday
Financial Education
Professional Development
Used 4+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
Determine whether the account is to be DEBITed or CREDITed.
Increase in Cash account
Debit
Credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Determine whether the account is to be DEBITed or CREDITed.
Decrease in Accounts Payable account
Debit
Credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Determine whether the account is to be DEBITed or CREDITed.
Increase in Revenue account
Debit
Credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Determine whether the account is to be DEBITed or CREDITed.
Increase in Salaries Payable account
Debit
Credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Determine whether the account is to be DEBITed or CREDITed.
Increase in Accounts Receivable account
Debit
Credit
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Determine whether the account is to be DEBITed or CREDITed.
Decrease in Noted Receivable account
Debit
Credit
7.
MULTIPLE CHOICE QUESTION
45 sec • 4 pts
Determine whether the account is to be DEBITed or CREDITed.
Increase in Accrued Expense account
Debit
Credit
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