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The Double Entry System

This quiz consists of the double entry system and the rules.

JessicaArchie
Created Date 10.23.20
Last Updated 10.26.20
Viewed 2 Times
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Topics of this game:
  • Double-entry refers to an accounting concept:
  • A debit is an entry made on the
  • A credit is an entry made on the
  • The basic principle of double entry bookkeeping states:
  • If Sam paid $400. What happens to the cash account?
  • Which account will be debited if increased?
  • What is the importance of double entry system?
  • Which account will be credited, if increased?
  • What is the golden rule of double entry?
  • Collected $15. What account is affected and how?