The Double Entry System
This quiz consists of the double entry system and the rules.
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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?
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