Peso Ledger Quest

Froggy Jumps

Jugadas 44 %Acierto 64 Tiempo medio 09:10

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Sobre esta actividad

Fun debit/credit rules game

Creada por

Maria Ana Graciel C. Escubio

Filipinas

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3	Chua, K. 11 de Agosto de 2026	% 100	10:00
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Froggy Jumps Peso Ledger QuestVersión en línea Fun debit/credit rules game por Maria Ana Graciel C. Escubio 1 In double-entry accounting, if you debit an asset account, what must you do to the corresponding credit? a Credit the same asset account b Credit the asset increase or decrease in a liability/equity item c Debit the same liability account 2 Which side of the ledger increases an expense by a purchase in pesos? a Credit b Neither debit nor credit c Debit 3 A company borrows pesos from a bank. Which accounts are affected and how? a Debit Cash; Credit Bank Loan Payable b Credit Cash; Debit Bank Loan Payable c Debit Bank Loan Payable; Credit Cash 4 When revenue is earned in pesos, which entry is correct? a Debit Cash/Accounts Receivable; Credit Revenue b Debit Revenue; Credit Cash c Credit Revenue; Debit Cash 5 If you pay a supplier in pesos for an earlier liability, what is recorded? a Credit Accounts Payable; Debit Cash b Debit Accounts Payable; Credit Cash c Debit Cash; Credit Accounts Payable 6 A company owns equipment bought for pesos. Depreciation affects which side? a Credit Depreciation Expense; Debit Accumulated Depreciation b Debit Depreciation Expense; Credit Accumulated Depreciation c Debit Accumulated Depreciation; Credit Depreciation Expense 7 Which of these increases equity in a transaction? a Debit Revenue b Credit Revenue or Credit Capital contributions c Debit Expenses 8 Payment of utility bills in pesos results in which entries? a Credit Utilities Expense; Debit Cash b Debit Cash; Credit Utilities Expense c Debit Utilities Expense; Credit Cash 9 What happens when you record a bank loan draw in pesos? a Debit Cash; Credit Bank Loan Payable b Credit Cash; Debit Bank Loan Payable c Debit Bank Loan Payable; Credit Cash 10 If a company accrues interest income, which entry is typical? a Debit Interest Receivable; Credit Interest Income b Credit Interest Receivable; Debit Interest Income c Debit Interest Income; Credit Interest Receivable

Froggy Jumps

Peso Ledger QuestVersión en línea

Fun debit/credit rules game

por Maria Ana Graciel C. Escubio

In double-entry accounting, if you debit an asset account, what must you do to the corresponding credit?

Credit the same asset account

Credit the asset increase or decrease in a liability/equity item

Debit the same liability account

Which side of the ledger increases an expense by a purchase in pesos?

Credit

Neither debit nor credit

Debit

A company borrows pesos from a bank. Which accounts are affected and how?

Debit Cash; Credit Bank Loan Payable

Credit Cash; Debit Bank Loan Payable

Debit Bank Loan Payable; Credit Cash

When revenue is earned in pesos, which entry is correct?

Debit Cash/Accounts Receivable; Credit Revenue

Debit Revenue; Credit Cash

Credit Revenue; Debit Cash

If you pay a supplier in pesos for an earlier liability, what is recorded?

Credit Accounts Payable; Debit Cash

Debit Accounts Payable; Credit Cash

Debit Cash; Credit Accounts Payable

A company owns equipment bought for pesos. Depreciation affects which side?

Credit Depreciation Expense; Debit Accumulated Depreciation

Debit Depreciation Expense; Credit Accumulated Depreciation

Debit Accumulated Depreciation; Credit Depreciation Expense

Which of these increases equity in a transaction?

Debit Revenue

Credit Revenue or Credit Capital contributions

Debit Expenses

Payment of utility bills in pesos results in which entries?

Credit Utilities Expense; Debit Cash

Debit Cash; Credit Utilities Expense

Debit Utilities Expense; Credit Cash

What happens when you record a bank loan draw in pesos?

Debit Cash; Credit Bank Loan Payable

Credit Cash; Debit Bank Loan Payable

Debit Bank Loan Payable; Credit Cash

If a company accrues interest income, which entry is typical?

Debit Interest Receivable; Credit Interest Income

Credit Interest Receivable; Debit Interest Income

Debit Interest Income; Credit Interest Receivable

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Peso Ledger Quest

Froggy Jumps

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Creada por

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Peso Ledger QuestVersión en línea

por Maria Ana Graciel C. Escubio

In double-entry accounting, if you debit an asset account, what must you do to the corresponding credit?

Which side of the ledger increases an expense by a purchase in pesos?

A company borrows pesos from a bank. Which accounts are affected and how?

When revenue is earned in pesos, which entry is correct?

If you pay a supplier in pesos for an earlier liability, what is recorded?

A company owns equipment bought for pesos. Depreciation affects which side?

Which of these increases equity in a transaction?

Payment of utility bills in pesos results in which entries?

What happens when you record a bank loan draw in pesos?

If a company accrues interest income, which entry is typical?