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Accounting Equation, Acct Classifications, & Normal Balance

Authored by Kyle Coles

Other

9th - 12th Grade

Used 3+ times

Accounting Equation, Acct Classifications, & Normal Balance
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34 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounts Payable is a(n)

Asset

Liabilities

Owners Equity

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select all Asset Accounts

Cash

Sales

Expenses

Supplies

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash has a normal balance on the __________ side

Debit

Credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expenses has a normal balance on the ________ side

Debit

Credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sales has a normal balance on the _________ side

Debit

Credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Owner's Capital has a normal balance on the ________ side.

Debit

Credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Owners Drawing has a normal balance on the ________ side.

Debit

Credit

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