DOUBLE ENTRY SYSTEM (1)

What is the Double entry system?

What is the natural balances of accounts?

Cash is a asset

• TRUE

• FALSE

Mortgage is a capital

• TRUE

• FALSE

Company car is an asset

• TRUE

• FALSE

When a asset decrease it is a ____________

when a capital increase it is a _________________

When liabilities decrease it is a ______________

when liabilities increase it is a ______________

The first component that is placed in the format of the T account is the?

• Details

• Date

• Title of account

• Cash