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Essentials of Accounting for Bankers Quiz

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Essentials of Accounting for Bankers: a General level Bank Exam Prep quiz. Test your knowledge with 13 questions!

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Questions

Question 1

Which side of a T-account represents a debit?

A Bottom

B Right

C Top

D Left

Question 2

What is the right side of an account called?

A Entry

B Balance

C Credit

D Debit

Question 3

What is a book of final entry containing all accounts?

A Receipt

B Journal

C Ledger

D Invoice

Question 4

In double-entry bookkeeping, every transaction must have:

A One entry

B No entries

C Three entries

D Two entries

Question 5

An increase in an asset account is typically recorded as a:

A Write-off

B Debit

C Credit

D Balance

📋 This quiz has 13 questions in total.