🟡 Intermediate 20 minintermediate path
Bookkeeping Practice Exercises
Ten real-world exercises to lock in the concepts from previous lessons. Do them on paper, then check your work.
Learning objectives
- Journalize common business transactions.
- Classify accounts correctly.
Step-by-step
1. Rules recap
Debits = left side. Credits = right side. Assets/Expenses increase with debits. Liabilities/Equity/Revenue increase with credits.
2. Exercise pattern
For each transaction: identify accounts affected → decide debit/credit → confirm equal debit and credit totals.
Key takeaways
- Journalize common business transactions.
- Classify accounts correctly.
Related lessons
Debits and Credits in Plain English
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Writing Clean Journal Entries
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Bank Reconciliation Step-by-Step
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Accounting Basics: The Language of Business
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