T-Accounts Accounting Quz

Asset accounts increase on the ...

• Credit side

• Debit side

• Top

• Bottom

Liability Accounts increase on the ​ ​ (a)   side

• Credit
• Debit

Owner's Capital Accounts increase on the ​ ​ (a)   side

• Credit
• Debit

Revenue Accounts increase on the ​ ​ (a)   side

• Credit
• Debit

Accounts Receivable Accounts increase on the ​ ​ (a)   side

• Credit
• Debit

Expense Accounts increase on the ​ ​ (a)   side

• Credit
• Debit

Cash and Supplies Accounts increase on the ​ ​ (a)   side

• Credit
• Debit

If the owner gives $10,000 to their company, you would debit the _____ Account.

• Capital

• Equippment

• Pens

• Cash

If the owner gives $10,000 to their company, you would credit the _____ Account.

• Capital

• Equippment

• Pens

• Cash

If the owner takes $1,000 out of their company, you would credit the _____ Account.

• Capital

• Equippment

• Pens

• Cash