
T-account Review
Authored by Tyson Ellenberger
Specialty, Business
9th - 12th Grade
Used 2+ times

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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An amount recorded on the right side of a T account is a debit.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Each asset account has a normal credit balance.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Each liability account has a normal debit balance.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The balance of an account increases on the same side as the normal balance side.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Asset accounts decrease on the credit side.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When cash is paid for supplies, the Supplies account is increased by a credit.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Common accounting practice is to record withdrawals as debits directly in the owner’s capital account.
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