T-account knowledge check

The left side of a T-account is _____________.

• Debit

• Credit

The right side of a T-account is _________.

• Debit

• Credit

Accounts Receivable increases in which side of a T-account?

• Debit

• Credit

The owner invested additional equipment in the business, which of the following accounts should be debited?

• Equipment

• Cash

• Owner's, Capital

• Owner's, Equity

The business paid advertisement in advance, which of the following account title should be credited?

• Cash

• Prepaid Advertisement

• Advertising Expense

• Accounts Receivable

The owner withdrew cash from the business, which of the following account title should be debited?

• Owner's, Drawing

• Cash

• Owner's, Capital

• None of the choices is correct.

Which of the following increases in debit?

• None of the choices is correct.

• Liability

• Revenue

• Capital

The business made services to a client on account, which of the following should be credited?

• Service Income

• Cash

• Accounts Receivable

• Owner's, Equity

Asset decreases in which side of T-account?

• Debit

• Credit

Accounts Payable is an example of a liability that decreases in which side of T-account?

• Debit

• Credit