Recording of accounting operations quiz

Financial Accounting Quiz

On Feb 5, 2026

Recording of accounting operations

10 questions in 10 minutes

Pass Score 70%

1 / 10

A revenue account :

is increased by debits

is decreased by credits

is increased by credits

has a normal balance of a debit

2 / 10

Debits :

decrease assets and increase liabilities

decrease both assets and liabilities

increase assets and decrease liabilities

increase both assets and liabilities

3 / 10

The purchase of supplies on account should result in :

a debit to Supplies Expense and a credit to Accounts Payable

a debit to Supplies Expense and a credit to Cash

a debit to Supplies and a credit to Accounts Receivable

a debit to Supplies and a credit to Accounts Payable

4 / 10

The expanded accounting equation is :

Assets = Liabilities - Owner’s Capital - Owner’s Drawings - Revenues - Expenses

Assets = Liabilities + Owner’s Capital - Owner’s Drawings + Revenues - Expenses

Assets + Liabilities = Owner’s Capital + Owner’s Drawings + Revenues + Expenses

Assets = Liabilities + Owner’s Capital + Owner’s Drawings + Revenues - Expenses

5 / 10

Which of the following is not part of the recording process ?

Preparing a trial balance

Entering transactions in a journal

Analyzing transactions

Posting transactions

6 / 10

Posting :

transfers ledger transaction data to the journal

is an optional step in the recording process

transfers journal entries to ledger accounts

normally occurs before journalizing

7 / 10

Which of the following statements about an account is true?

The left side of an account is the credit or decrease side

In its simplest form, an account consists of two parts

An account is an individual accounting record of increases and decreases in specific asset, liability, and owner’s equity items

There are separate accounts for specifc assets and liabilities but only one account for owner’s equity items

8 / 10

The order of the accounts in the ledger is :

owner’s capital, assets, revenues, expenses, liabilities, owner’s drawings

revenues, assets, expenses, liabilities, owner’s capital, owner’s drawings

assets, liabilities, owner’s capital, owner’s drawings, revenues, expenses

assets, revenues, expenses, liabilities, owner’s capital, owner’s drawings

9 / 10

Accounts that normally have debit balances are :

assets, liabilities, and owner’s drawings

assets, expenses, and revenues

assets, owner’s drawings, and expenses

assets, expenses, and owner’s capital

10 / 10

A trial balance :

is a list of accounts with their balances at a given time

proves that all transactions have been recorded

proves the mathematical accuracy of journalized transactions

will not balance if a correct journal entry is posted twice

Your score is

Question topics

Debits and credits

The Journal –The Ledger – Posting

Chart of accounts –The trial balance

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Recording of accounting operations quiz

10 questions in 10 minutes

Pass Score 70%

Question topics