Unlock hundreds more features
Save your Quiz to the Dashboard
View and Export Results
Use AI to Create Quizzes and Analyse Results

OR
Sign inSign in with Facebook
Sign inSign in with Google
Quizzes > Business & Finance

Debit and Credit Quiz: Test Your Bookkeeping Basics

Quick debit and credit practice questions with instant results and explanations.

Editorial: Review CompletedCreated By: Ian RamnarineUpdated Aug 23, 2025
Difficulty: Moderate
2-5mins
Learning OutcomesCheat Sheet
Paper art illustration showing ledger columns coins bills arrows quiz elements on sky blue background

This debit and credit quiz helps you practice double-entry bookkeeping, check normal balances, and see where you need review. When you're done, deepen your skills with our journal entry quiz and a double entry bookkeeping test, or step back for a fundamentals of accounting quiz to refresh the basics.

Which accounts increase with a debit in double-entry bookkeeping?
Revenues and liabilities increase with a debit
Assets and expenses increase with a debit (correct)
Liabilities and equity increase with a debit
Assets and revenues increase with a debit
undefined
Recording cash received from a customer for a prior credit sale requires which entries?
Debit Cash, Credit Accounts Receivable (correct)
Debit Cash, Credit Revenue
Debit Revenue, Credit Accounts Receivable
Debit Accounts Receivable, Credit Cash
undefined
The normal balance of the Accounts Payable account is which side?
Debit
Neither side
Either side
Credit (correct)
undefined
Purchasing equipment for cash affects which two accounts?
Debit Equipment, Credit Cash (correct)
Debit Cash, Credit Equipment
Debit Equipment, Credit Revenue
Debit Expense, Credit Equipment
undefined
Paying a utility bill immediately in cash is recorded as:
Debit Utilities Expense, Credit Cash (correct)
Debit Utilities Expense, Credit Revenue
Debit Payables, Credit Cash
Debit Cash, Credit Utilities Expense
undefined
Unearned Revenue increases on which side?
Neither side
Debit
Both sides
Credit (correct)
undefined
Accrued salaries at period end are recorded by:
Debit Salaries Payable, Credit Salaries Expense
Debit Cash, Credit Salaries Expense
Debit Salaries Expense, Credit Cash
Debit Salaries Expense, Credit Salaries Payable (correct)
undefined
Which entry records revenue earned on account?
Debit Cash, Credit Revenue
Debit Revenue, Credit Accounts Receivable
Debit Unearned Revenue, Credit Cash
Debit Accounts Receivable, Credit Revenue (correct)
undefined
A credit to an expense account will:
Increase the expense
Increase assets
Decrease the expense (correct)
Have no effect
undefined
Writing off a specific uncollectible account under the allowance method requires:
Debit Allowance for Doubtful Accounts, Credit Accounts Receivable (correct)
Debit Cash, Credit Allowance for Doubtful Accounts
Debit Accounts Receivable, Credit Allowance for Doubtful Accounts
Debit Bad Debt Expense, Credit Accounts Receivable
undefined
Depreciation for the period is recorded as:
Debit Equipment, Credit Depreciation Expense
Debit Accumulated Depreciation, Credit Depreciation Expense
Debit Depreciation Expense, Credit Accumulated Depreciation (correct)
Debit Expense, Credit Equipment
undefined
Which entry records purchase of inventory on credit in a perpetual system?
Debit Purchases, Credit Accounts Payable
Debit Accounts Payable, Credit Inventory
Debit Inventory, Credit Accounts Payable (correct)
Debit Cost of Goods Sold, Credit Accounts Payable
undefined
Sales returns in a perpetual system require which pair of entries?
Debit Sales Returns and Allowances, Credit Accounts Receivable; Debit Inventory, Credit COGS (correct)
Debit Sales Revenue, Credit Accounts Receivable; Debit Inventory, Credit COGS
Debit Sales Returns, Credit Cash only
Debit Accounts Receivable, Credit Sales Returns; Debit COGS, Credit Inventory
undefined
Which error will still allow the trial balance to agree?
Debiting Cash $100, Crediting Revenue $0
Recording a $540 sale as $450 in both debit and credit (correct)
Posting only the debit side of a transaction
Debiting Equipment $1,000, Crediting Equipment $100
undefined
Closing revenue accounts at period end involves:
Debit Revenue, Credit Retained Earnings
Debit Revenue, Credit Income Summary (correct)
Debit Income Summary, Credit Revenue
Debit Retained Earnings, Credit Revenue
undefined
Reversing entries are most commonly used to simplify which type of adjustments?
Depreciation
Unearned revenues
Accrued expenses and revenues (correct)
Prepaid expenses recorded as assets
undefined
If a customer takes a sales discount under gross method, the seller records:
Debit Sales Discounts, Credit Sales Revenue
Debit Sales Revenue, Credit Cash and Accounts Receivable
Debit Cash and Sales Discounts, Credit Accounts Receivable (correct)
Debit Accounts Receivable, Credit Sales Discounts and Cash
undefined
Which entry recognizes amortization of an intangible asset?
Debit Intangible Asset, Credit Cash
Debit Amortization Expense, Credit Accumulated Amortization (correct)
Debit Depreciation Expense, Credit Intangible Asset
Debit Expense, Credit Intangible Asset directly
undefined
A suspense account is used primarily to:
Hold differences temporarily when debits do not equal credits (correct)
Replace the cash account
Record known revenues
Accumulate depreciation
undefined
The purchases journal in a manual system records:
All cash purchases
All sales returns
Only asset acquisitions
Credit purchases of inventory and other goods from suppliers (correct)
undefined
0

Study Outcomes

  1. Apply Double-Entry Principles -

    Apply the core rules of double-entry bookkeeping to accurately record business transactions using debit and credit practice in our free scored quiz.

  2. Identify Account Entries -

    Identify which accounts to debit and which to credit for a variety of real-world scenarios presented in the debits and credits quiz.

  3. Analyze Transaction Impact -

    Analyze how each transaction affects the accounting equation and overall financial statements during the double-entry bookkeeping quiz.

  4. Balance Ledger Entries -

    Balance every entry to ensure the books remain in equilibrium, enhancing your ledger skills and confidence.

  5. Evaluate Quiz Feedback -

    Evaluate instant feedback to correct mistakes, reinforce debit credit practice, and track progress toward mastering bookkeeping techniques.

Cheat Sheet

  1. Normal Account Balances -

    Every account has a "home" side: assets and expenses normally carry debit balances, while liabilities, equity, and revenues carry credit balances. According to the University of Minnesota's accounting resources, recognizing these normals helps you breeze through your debits and credits quiz by spotting imbalances instantly.

  2. Fundamental Accounting Equation -

    Assets = Liabilities + Equity is the bedrock of double-entry bookkeeping; every debit you record must be matched by an equal credit. The IFRS Foundation emphasizes this balance, ensuring your ledger always stays in harmony during debit and credit practice sessions.

  3. DEALER Mnemonic Trick -

    Remember "DEALER": Debits increase Expenses, Assets, and Losses; Credits increase Liabilities, Equity, and Revenue. This easy phrase - endorsed by accounting professors at Indiana University - turns memorization into a breeze when mastering your next double-entry bookkeeping quiz.

  4. Trial Balance Verification -

    Preparing a trial balance lets you verify that total debits equal total credits before finalizing financial statements. As noted by KPMG's learning portal, regular trial balance checks are your best defense against posting errors in real-world transaction entries.

  5. Real-World Transaction Examples -

    Practice entries like "Purchasing inventory on credit" (debit Inventory, credit Accounts Payable) and "Receiving cash from customers" (debit Cash, credit Sales Revenue). The AICPA's sample journals demonstrate that varied scenarios build confidence and sharpen your accuracy on a debits and credits quiz.

Make a Quiz (FREE) Copy & Edit This Quiz Create a Quiz with AI

Finance & Economics Quizzes

Powered by: Quiz Maker