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Mastering Accounting Basics for Banking Quiz

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Mastering Accounting Basics for Banking: a General level Bank Exam Prep quiz. Test your knowledge with 15 questions!

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Questions

Question 1

Which entry is recorded on the left side of an account?

A Credit

B Asset

C Debit

D Liability

Question 2

When you record an amount on the right side of an account, it is called a:

A Journal

B Debit

C Balance

D Credit

Question 3

A book containing all accounts is known as a:

A Invoice

B Ledger

C Receipt

D Journal

Question 4

What is the basic accounting equation?

A Assets = Liabilities + Equity

B Equity = Assets + Liabilities

C Assets = Equity - Liabilities

D Assets = Liabilities - Equity

Question 5

Which of these is considered an asset for a bank?

A Loans Provided

B Accounts Payable

C Shareholder Equity

D Customer Deposits

📋 This quiz has 15 questions in total.