General journal for service Business

General journal for service Business

11th Grade

15 Qs

quiz-placeholder

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General journal for service Business

General journal for service Business

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Batool Mirza

Used 63+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A credit is used to record an increase in all of the following accounts except:

Accounts Payable

Service Revenue

Unearned Revenue

Wages Expense

Common Stock

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the normal balance for the Cash account?

Debit
Credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the normal balance for the Accounts Payable account?

Debit
Credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the normal balance for the Capital account?

Debit
Credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the normal balance for the Office Supplies account?

Debit
Credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the normal balance for the Expenses accounts?

Debit
Credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the normal balance for the Prepaid Insurance account?

Debit
Credit

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