Part of the accounting cycle is making entries to various journals such as payroll, receivable and payable journals. To be an expert, one must know what to debit and what to credit when posting day-to-day business transactions or at month end, your trial balance will not balance.
Bright Hub wants to test your special journals IQ so here, we’ve made up a quiz full of various accounting scenarios where we offer you an example and you tell us what are the debits and credits and to which accounts. Fear not, however! If your score isn’t as high as you’d like it to be, we’ve included some great articles from our Bright Hub accounting experts you can review and take the test again. Good luck and let’s get started!
Accounting Journal Quiz