Accounting Worksheets - Create Printable Tests and Worksheets

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The Accounting questions below are in the following grade levels:
Grades: 7 9 12 College Graduate Continuing Education
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Accounting : Grade 12
Accounting : Grade 12
  • A credit to the accounts receivable account
    1. indicates a sale to customers on account has occurred.
    2. indicates a payment from customers on their account has been received.
    3. is an error.
    4. indicates that a liability has been incurred.
Accounting : Grade 7
Accounting : Grade 7
Accounting : Graduate
  • Which of the following statements is true?
    1. to decrease a receivable, debit the account
    2. to decrease revenue, debit the account
    3. to increase owner's equity, debit the account
    4. to increase an expense account, credit the account
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