Ch 2 Analyzing Transactions into Debit and Credit Parts
Authored by Rhonda Platt
Business
10th - 12th Grade
Used 22+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The left side of a T account is the
debit side
credit side
equity side
normal balance side
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If an amount is recorded on the side of a T account opposite the normal balance side, the account balance is
decreased
increased
unaffected
correct
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The normal balance side of a liability account is the
debit side
credit side
decrease side
right side
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When an owner invests cash in a business, the owner's capital account is
increased by a debit
increased by a credit
decreased by a debit
decreased by a credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The normal balance side of any revenue account is the
debit side
credit side
right side
none of these
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When cash is received on account
sales is increased with a credit and Cash is increased with a credit
accounts receivable is decreased with a debit and Cash is increased with a debit
accounts receivable is decreased with a credit and Cash is increased with a debit
accounts receivable is increased with a debit and Cash is increased with a credit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increases in a revenue account are shown on a T account's
debit side
left side
credit side
none of these
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