Froggy Jumps Accounting Debit and Credit QuizOnline version Master debits and credits fast. by Herojeleene Alcantara 1 In double-entry accounting, every transaction must have a debit and a credit. a Sometimes b True c False 2 Which accounts normally have a debit balance? a Assets and expenses b Liabilities and revenues c Equity and revenue 3 Which type of account normally has a credit balance? a Liabilities b Expenses c Assets 4 A debit entry generally increases which side for assets? a Equity b Assets c Liabilities 5 A credit entry generally increases which side for liabilities? a Assets b Liabilities c Expenses 6 Debiting a revenue account would typically: a No effect b Increase revenue c Decrease revenue 7 Debiting an expense account generally: a No effect b Increases the expense c Decreases the expense 8 Which side increases cash when you receive cash? a No side b Debit c Credit 9 What is the normal balance of equity accounts? a Debit b Credit c Neither side 10 Which equation represents basic accounting? a Assets + Liabilities = Equity b Revenue = Expenses + Income c Assets = Liabilities + Equity
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