Froggy Jumps Debit - Credit Rules QuizOnline version Test your knowledge on debit and credit rules in accounting! by Hortensia Camarena 1 What is the effect of a debit on an asset account? a Increase the asset. b No effect on the asset. c Decrease the asset. 2 What happens when you credit a liability account? a No effect on the liability. b Increase the liability. c Decrease the liability. 3 Which account type is increased by a debit? a Equity. b Assets. c Liabilities. 4 What is the result of debiting an expense account? a Decrease the expense. b No effect on the expense. c Increase the expense. 5 What type of account is decreased by a credit? a Revenues. b Assets. c Expenses. 6 When you credit a revenue account, what happens? a Decrease the revenue. b Increase the revenue. c No effect on the revenue. 7 What is the effect of a debit on a revenue account? a Decrease the revenue. b Increase the revenue. c No effect on the revenue. 8 Which account is increased by a credit? a Assets. b Expenses. c Liabilities. 9 What is the result of debiting a liability account? a No effect on the liability. b Decrease the liability. c Increase the liability. 10 What happens when you credit an asset account? a Decrease the asset. b Increase the asset. c No effect on the asset.
New game