Accounting entries using T accounts ( Form 2, Accounting Commercials )Versión en línea
Test basics of T-accounts and double entry.
1
What is a T account used for in accounting?
2
Which side of a T account records assets increases?
3
In a T account, which side records equity increases?
4
What is the function of T accounts in double-entry?
5
Which rule helps decide debit or credit for assets?
6
Which account type normally increases with a credit?
7
What does double-entry mean?
8
If you receive cash, which account side usually increases?
9
Which principle underpins T accounts?
10
What is the effect of posting a sale on credit to a T account?
11
Which account type increases with a debit?
12
What does a credit in an asset account usually indicate?
13
Which is true about the trial balance in T accounts?
14
Which side does revenue typically increase on?
15
What happens to a liability when a loan is repaid?
16
What should be recorded in the T account for depreciation?
17
Which side would you use to record owner's drawings?
18
If you purchase supplies on credit, which accounts are affected?
19
What is the main purpose of a T account in teaching?
20
Which side does cash increase on when received?
21
Which of the following is an asset account behavior?
22
What is a normal balance for revenue accounts?
23
Which accounts are affected by paying a supplier?
24
Which statement is true about the double-entry system?
25
Which account increases with a debit in a liability?
26
Which side records capital introduced by the owner?
27
What does the ledger represent in T accounts?
28
Which increases with a debit in an expense account?
29
When a sale is made for cash, which accounts are affected?
30
What is the effect of recording a purchase on credit?
31
Which side does a decrease in an asset appear on?
32
Which account type typically has a credit balance?
33
What is the order of operations in T accounts?
34
Which account is affected by owner's capital contribution?
35
What does posting to T accounts ensure for every transaction?
36
Which is true about the left side in T accounts?
37
Which account increases with a credit for revenue?
38
Which of the following is a double-entry rule?
39
Which side do assets decrease on?
40
What happens when you credit an expense account?
41
Which account is affected by paying wages?
42
What is the main purpose of keeping T accounts?
43
If you buy inventory on credit, which is true?
44
What is the effect of revenue earned on credit?
45
Which statement best describes a T account format?
46
Which side does a loss typically appear on?
47
Which account increases with a debit in cash receipt?
48
Which of these is a correct double-entry example?
49
What is the effect of a purchase discount received?
50
Which concept ensures all financial events are recorded?
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