T Account Quiz

The right side of a T account is the

• debit side.

• credit side.

• normal balance side.

• equity side.

If an amount is recorded on the side of a T account opposite the normal balance side,

• the account balance is increased.

• the account balance is decreased.

• the account balance is unaffected.

• the account balance is correct.

The normal balance side of an asset account is the

• debit side.

• credit side.

• decrease side.

• right side.

When the owner invests cash in a business, the owner’s capital account is

• increased by a debit.

• increased by a credit.

• decreased by a debit.

• decreased by a credit.

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.

When cash is received from sales, the change in the owner’s equity is usually

• recorded in a separate revenue account.

• recorded directly in the owner’s capital account.

• recorded as interest revenue.

• always recorded on the debit side.

Increases in a revenue account are shown on a T account’s

• debit side.

• credit side.

• left side.

• none of these.

When $1,500.00 cash is received on account.

• Sales is increased with a credit and Cash is increased with a credit.

• Accounts Receivable is increased with a debit and Cash is increased with a credit.

• Accounts Receivable is decreased with a credit and Cash is increased with a debit.

• Accounts Receivable is decreased with a debit and Cash is increased with a debit.

The normal balance side of any expense account is the

• debit side.

• credit side.

• right side.

• none of these.