Accounting I Chapter 2 M/C

The normal balance side of any expense account is the

• debit side

• credit side

• right side

Increases in a revenue account are shown on a T account's

• debit side

• credit side

• left side

The left side of a T account is the

• debit side

• credit side

• normal balance side

• equity side

When a business receives revenue, Sales is 

• increase by a debit

• increased by a credit

• decreased by a deibt

• decreased by a credit

The normal balance side of a liability account is the

• debit side

• credit side

• left side

When a business pays cash on account, a liability account is

• increased by a debit

• increased by a credit

• decreased by a debit

• decreased by a credit

When the owner withdraws cash, the owner's drawing account is 

• increased by a debit

• increased by a credit

• decreased by a debit

• decreased by a credit

When cash is received from sales, the change in the owner's equity is usually recorded

• on the debit sdie

• directly in the owner's capital account

• as interest revenue

• in a separate revenue account

When a business pays for insurance, Prepaid Insurance is 

• increased by a debit

• increased  by a credit

• decreased by a debit

• decreased by a credit

When services are sold for cash

• Sales is decreased with a debit

• Sales is increased with a debit

• Accounts Receivable is increased with a debt

• Sales is increased with a credit