Accounting - Normal Balances
10th - 12th Grade
•10 Qs
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Accounting - Normal Balances
Quiz
•
Other, Business
•
10th - 12th Grade
•
Practice Problem
•
Medium
+2
Standards-aligned
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10 questions
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1.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
What is the normal balance for an Asset?
Credit balance
Debit balance
2.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
What is the normal balance for an Expense account?
Debit balance
Credit balance
3.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
What is the normal balance for an Income account?
Credit balance
Debit balance
4.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
The normal balance for Liability account is
Debit balance
Credit balance
Tags
normal balance
bookkeeping
credit
debit
normal balance
5.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
The normal balance for Drawings or Withdrawals is
Debit balance
Credit balance
Tags
basic accounting
bookkeeping
debit
credit
normal balance
6.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
What is the normal balance for the Capital account?
Credit balance
Debit balance
Tags
basic accounting
bookkeeping
normal balance
debit
credit
7.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
What is the normal balance for Owner's drawings?
Credit balance
Debit balance
Tags
basic accounting
bookkeeping
normal balance
debit
credit
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