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Double Entry Accounting Trivia Quiz

Question 1 of 3

Q1 . The normal balance of an asset is ____ while the normal balance of liability is ____

Q2 . When an account in the asset category is decreased, it is credited.

Q3 . Which one of the following categories of account is debited when it is decreased?

Q4 . Which category of accounts is credited at the time it is increased?

Q5 . What does a creditor account of RM 8,500 in the double-entry system represent?

Q6 . Which one of the following categories of account is debited when it is increased?

Q7 . Which of the following statements about double-entry accounting is incorrect?

Q8 . Purchase a van and pay by cheque. Debit _______ account, credit bank account.

Q9 . The liabilities increase by RM7000. How is the accounting equation affected?

Q10 . Double-entry accounting reflects:

Q11 . The normal balance of an asset is ____ while the normal balance of liability is ____

Q12 . When an account in the asset category is decreased, it is credited.

Q13 . Which one of the following categories of account is debited when it is decreased?

Q14 . Which category of accounts is credited at the time it is increased?

Q15 . What does a creditor account of RM 8,500 in the double-entry system represent?

Q16 . Which one of the following categories of account is debited when it is increased?

Q17 . Which of the following statements about double-entry accounting is incorrect?

Q18 . Purchase a van and pay by cheque. Debit _______ account, credit bank account.

Q19 . The liabilities increase by RM7000. How is the accounting equation affected?

Q20 . Double-entry accounting reflects:

From Classroom to Quiz Stardom

When James Wilson first created a quiz on ancient civilizations for his high school history class, he never imagined it would lead to a side career as one of QuizMaker's most successful creators.

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