
Accounting Chapter 2_Review
Quiz
•
Other
•
10th - 12th Grade
•
Practice Problem
•
Hard
Antje Carter
Used 6+ times
FREE Resource
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An accounting device used to analyze transactions.
T account
normal balance
chart of accounts
debit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An amount recorded on the left side of a T account.
credit
debit
normal balance
T account
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An amount recorded on the right side of a T account.
credit
debit
normal balance
T account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The side of the account that is increased.
debit
credit
T account
normal balance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A list of accounts used by a business.
debit
credit
chart of accounts
T account
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Analyze the transaction into debit and credit parts. Print the letter identifying your choice in chronological order (debit and then credit, e.g. A,F)
Received cash from owner as an investment.
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Analyze the transaction into debit and credit parts. Print the letter identifying your choice in chronological order (debit and then credit, e.g. A,F)
Paid cash for supplies.
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