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Accounting for Non-Accountants Quiz 7

1. The word debit simply refers to the right side of the amount columns.

True
False

 

2. What is a debit?

Something that is unfavorable
Something that is favorable
Refers to the left side of the amount columns
Refers to the right side of the amount columns

 

3. What is a credit?

Something that is unfavorable
Something that is favorable
Refers to the left side of the amount columns
Refers to the right side of the amount columns

 

4. What is referred to as “the book of original entry”?

General Ledger
Closing Journal
General Journal
Journal Documents

 


Answers

Use the answers below to figure out your score, and see how well you understand the material of the first chapter. If you scored less than an 80% you should read over the chapter again before moving on.

Question 1: False
Question 2: Refers to the left side of the amount columns
Question 3: Refers to the right side of the amount columns
Question 4: General Journal

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