Ch 2 Analyzing Transactions into Debit and Credit Parts

The left side of a T account is the

• debit side

• credit side

• equity side

• normal balance side

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

The normal balance side of a liability account is the

• debit side

• credit side

• decrease side

• right side

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

The normal balance side of any revenue account is the

• debit side

• credit side

• right side

• none of these

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

Increases in a revenue account are shown on a T account's

• debit side

• left side

• credit side

• none of these

When a business pays cash on account, a liability account is

• increased by a debit

• increased by a credit

• decreased by a debit

• decreased by a credit

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

An accounting devise used to analyze transactions is a T account

• true

• false