Credits and Debits Test

This test is available in both the Average Skill level and the Advanced Skill level. The Average Skill level test will have at least 25 questions and will take approximately 30 minutes to complete. The Advanced Skill level test will have at least 40 questions and will take approximately 45 to 60 minutes to complete. These tests may also be combined with other tests to present a Combined Test of any length.

These are Multiple Choice type tests with at least four possible answers, only one of which is correct. We constantly change, revise and upgrade our test and really value your opinion. Please send us any suggestions or additions so that we may consider them.

Among the areas covered by this test are the following:

• Accounting Equation
• Debits and Credits in General Ledger
• Debit and Credit Balances of Balance Sheet
• Debits and Credits in Income Statement
• Double Entry Book Keeping
• Debit or Credit nature of Accounts
• and much more

We have included a sample question below to give you the style and essence of the test To take a demo of our tests please click the Try a Test Demo button above.

A transaction caused a decrease in both total assets and total liabilities. This transaction could have been?

1. Collection of Accounts Receivable
2. Repayment of Bank Loan
3. Purchase of an Asset
4. An Asset destroyed by fire