Analyzing Transactions into Debit and Credit parts
Authored by Timothy Smith
Business
10th - 12th Grade
Used 51+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
An accounting device used to analyze transactions is a T account
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
An amount recorded on the right side of a T account is a debit.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The left side of a T account is the
debit side
credit side
normal balance side
equity side
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
If an amount is recorded on the side of a T account opposite the normal balance side, the account balance is
increased
decreased
unaffected
correct
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
the normal balance side of a liability account is the
debit side
credit side
left side
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
When an owner invests cash in a business, the owner's capital account is
increased by a credit
increased by a debit
decreased by a credit
decreased by a debit
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
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
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Microsoft
or continue with
%20(1).png)
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
