Accounting Chapter 2 Review
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview

24 questions
Show all answers
1.
FLASHCARD QUESTION
Front
An amount owed by a business is a
Back
liability
2.
FLASHCARD QUESTION
Front
An amount recorded on the right side of a T account is a debit.
Back
FALSE
3.
FLASHCARD QUESTION
Front
Each liability account has a normal debit balance.
Back
FALSE
4.
FLASHCARD QUESTION
Front
Asset accounts decrease on the credit side. TRUE or FALSE?
Back
TRUE
5.
FLASHCARD QUESTION
Front
Each transaction changes the balances in at least two accounts.
Back
TRUE
6.
FLASHCARD QUESTION
Front
When cash is paid for supplies, the Supplies account is increased by a credit.
Back
FALSE
7.
FLASHCARD QUESTION
Front
A drawing account is increased by debits and decreased by credits. TRUE or FALSE?
Back
TRUE
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
19 questions
Access Control Methods
Flashcard
•
KG - University
18 questions
Pronoun-Antecedent Agreement ACT Prep
Flashcard
•
10th - 12th Grade
15 questions
HFS Fall Semester Exam
Flashcard
•
9th - 12th Grade
15 questions
Simple Interest
Flashcard
•
9th - 12th Grade
20 questions
Investing Test Review
Flashcard
•
9th - 12th Grade
20 questions
Types of Credit
Flashcard
•
9th - 12th Grade
20 questions
Banking
Flashcard
•
9th - 12th Grade
18 questions
Banking
Flashcard
•
9th - 12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade