Accounting Quiz - Debits & Credits

This Accounting quiz will test your knowledge on the debits and credits of accounts. Do try your best and have a great time in completing the quiz! All the best!

Thinking of becoming an Accountant? Do you have what it takes to be one? Until now you could only wonder. But thanks to this great quiz, in just a few minutes you will find out!

Created by: Nabil B Khairul Anwar of The Accounting Guru
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  1. Which one of these accounts fall under Liabilities?
  2. Which section of ALICE does the Stock A/C fall into?
  3. When you want to increase the value of the Bank A/C by $500, which side of the account would you put it in?
  4. How would you describe Liabilities?
  5. Jimmy made purchases for his business by credit card from Courts. In this situation, who is Courts?
  6. Which one of these accounts fall under Expenses?
  7. Which section of ALICE does the Purchases A/C fall into?
  8. When you receive money from Debtors, which account will increase in value?
  9. Which one of these accounts fall under Assets?
  10. In order to decrease the value of an account, you must always credit the account.

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