Debit Credit Practice

Apply the rules of Debit and Credit to the following accounts:
A decrease to cash is a _______?

• Debit
• Credit

An increase to cash is ________?

• Debit
• Credit

An increase to Supplies is a

• Debit
• Credit

A decrease to Accounts Payable is a

• Debit
• Credit

Increase in Accounts Payable

• Debit

• Credit

Decrease in prepaid insurance

• Debit

• Credit

Assets increase on the ________ side?

• subsidiary

• T-account

• credit

• debit

owners equity decreases on the _________ side?

• credit

• debit

• payments

• liability

assets decreases on the _______ side?

• debit

• two

• credit

• sixth

________ are debts of the business?

• assets

• liabilities

• owners equity

• vehicles