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Accounting Basics: Debits and Credits Quiz

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Accounting Basics: Debits and Credits: a General level Bank Exam Prep quiz. Test your knowledge with 13 questions!

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Questions

Question 1

In accounting, on which side are debits recorded?

A Right

B Middle

C Left

D Bottom

Question 2

Where are credits recorded in a ledger?

A Right side

B Notes section

C Left side

D Top margin

Question 3

A ledger is a book that records:

A Marketing plans

B Employee attendance

C Office inventory

D Financial transactions

Question 4

What happens when you record a debit?

A Reduction in equity

B Increase in assets

C Increase in liability

D Decrease in cash

Question 5

Double-entry bookkeeping requires that every debit has a:

A Matching credit

B Reference number

C Negative entry

D Supervisor sign-off

📋 This quiz has 13 questions in total.