Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Nonprofit Debit Cred

Nonprofit Bookkeeping Quiz

QuestionAnswer
Purchase equipment (fixed asset) Debit equipment Credit loan payable or cash-checking
Record loan payment Debit loan payable (principal part of loan) Debit interest expense Credit cash
Receive cash donation Debit Cash Credit Donation
Record insurance paid in advance Debit prepaid insurance Credit cash
Recognize insurance paid previously Debit insurance expense Credit prepaid insurance
Record accounts payable for printing bill Debit printing expense Credit accounts payable
Write check for office supplies order. Debit office supplies expense Credit cash
Pay accounts payable for printing Debit accounts payable Credit cash
Pay salaries and wages for a period (simplified entry) Debit salaries Credit cash
Receive donation for a future special event Debit cash Credit Deferred Revenue
Record use of donation when special event is held Debit Deferred Revenue Credit Special Event Revenue
Record investment fee shown on monthly statement Debit Investment Expense Credit Investments
Record salaries earned in the month but paid the following month Debit salaries expense Credit Accrued salaries payable
Record payment of salaries from a prior month Debit Accrued salaries payable Credit cash
Transfer funds from Savings to Checking Debit Cash-Checking Credit Cash-Savings
Transfer funds from Checking to Investment Account Debit--Investments Credit Cash-Checking
Record donor pledge Debit Pledges Receivable Credit Donations
Write off donor pledge not received Debit Bad debts expense Credit Pledges Receivable
RECORD XXXXX Debit xxxx Credit xxxx
Created by: aholman330