Accounting Chapter 2 Review (11E)

An account device used to analyze transactions is a T account.

• True
• False

An amount on the right side of the T account is a debit.

• True

• False

Cash is an asset account with a normal credit balance.

• True
• False

Each liability account has a normal credit balance.

• True
• False

The right side of a T account is the 

• debit side
• credit side
• normal balance side
• equity side

The normal balance side of an owner's capital account is the 

• debit side
• credit side
• left side none of these

The normal balance side of any revenue account is the 

• debit side
• credit side
• left side none of these

The normal balance side of any expense account is the

• debit side
• credit side
• left side none of these

The balance of an account increases on the same side as the normal balance side.

• True
• False

Each transaction changes the balances in at least two accounts.

• True

• False