Debit and Credit Practice Questions

How well do you know Debits and Credits? Try to answer these five questions:

1. When you Debit Accounts Payable it ______ .

   a) increases

   b) decreases

2. When you Credit Inventory it ______ .

   a) increases

   b) decreases

3. When you Debit Interest Expenses it ______ .

   a) increases

   b) decreases

4. When you Credit a Revenue account it ______ .

   a) increases

   b) decreases

5. When you Credit Owner's Equity it ______ .

   a) increases

   b) decreases

Scroll down to see the answers.

Debit and Credit Practice Question Video

You can also take the test in this video:

Debit and Credit Practice Answers

Here are the answers:

1. b) When you Debit Accounts Payable it decreases. Accounts Payable is a Normal Credit Account so Credits increase it and Debits decrease it.

2. b) When you Credit Inventory it decreases. Inventory is a Normal Debit Account so Debits increase it and Credits decrease it.

3. a) When you Debit Interest Expenses it increases. Interest Expenses is a Normal Debit Account so Debits increase it and Credits decrease it.

4. a) When you Credit a Revenue account it increases. Revenue is a Normal Credit Account so Credits increase it and Debits decrease it.

5. a) When you Credit Owner's Equity it increases. Owner’s Equity is a Normal Credit Account so Credits increase it and Debits decrease it.

How many did you get right? Let us know in the comments below.

Debit and Credit Question Pack

I have put together a question pack covering Debits and Credits. If you’d like to practice this topic some more then you can download it here. The question pack contains 25 Debit & Credit practice questions and answers.

Debits and Credits Cheat Sheet

My Debit and Credit Cheat Sheet summarizes all the key information you need to know. You can download it here: