Practice journal entries, with exact feedback
Read a transaction, place the accounts in the Debit and Credit columns, type the amounts and check. The checker compares your entry with the answer account by account and tells you exactly what differs. Free, no sign-up, new amounts every time.
Practice by topic
- Starting the business10 entries
- Buying goods and supplies15 entries
- Selling goods and services20 entries
- Fixed assets20 entries
- Expenses and payroll20 entries
- Adjusting, closing and correcting20 entries
- Cash and bank10 entries
- Notes and loans10 entries
- Inventory and cost of goods10 entries
- Corporations and equity10 entries
- Multi-step scenarios5 entries
Your convention, not ours
The same transaction is recorded differently in a US textbook, under the Spanish PGC, the French PCG or in a German classroom. Choose your convention on any exercise: the accounts, codes, VAT and inventory method change with it, and every exercise states its assumptions.
How checking works
Your lines are added up per account, so the order of the lines and splitting an account over several lines never matter. If the entry is not correct you see only what follows from comparing it with the answer: an unbalanced total, a missing or extra account, a wrong side or a wrong amount.
Guides
- Journal Entries: How to Record a TransactionWhat a journal entry is, how to read a business transaction and the five steps to record it with balanced debits and credits, with four worked examples.
- Debit and Credit Rules by Account TypeWhich accounts increase with a debit and which with a credit, normal balances, and how every entry keeps the accounting equation in balance, with examples.
- T-Accounts: Posting and Balancing the LedgerHow a T-account works, how journal entries are posted to the ledger and how to balance an account at the end of a period, with a worked cash example.
- Trial Balance: What It Proves and How to Find ErrorsHow to prepare a trial balance, what equal totals prove and what they do not, and a step-by-step method to track down the errors that make it unbalanced.
- Adjusting Entries: Accruals, Deferrals, DepreciationWhy adjusting entries are needed at period end and how to record accrued expenses, prepaid expenses, unearned revenue and depreciation, with examples.
- Closing Entries: Revenues, Expenses and DividendsHow closing entries reset revenue, expense and dividend accounts at year end, move net income to Retained Earnings or Capital, and how other charts differ.
- VAT Entries: Input VAT, Output VAT and SettlementHow European businesses record input and output VAT on purchases and sales, settle the balance with the tax office, and how US sales tax differs from VAT.
Reference
For teachers
Printable worksheets with answer keys for every topic, and a practice widget you can embed in your course page. Free, without accounts.