FABM 1 Q2 Quiz 1
Authored by Margerie Fruelda
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22 questions
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1.
OPEN ENDED QUESTION
30 sec • Ungraded
Last Name
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2.
OPEN ENDED QUESTION
30 sec • Ungraded
First Name
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OFF
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the normal balance of an asset account?
Debit
Credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the normal balance of a liability account?
Debit
Credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the normal balance of an owner’s capital account?
Debit
Credit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the normal balance of an owner’s drawing account?
Debit
Credit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the normal balance of a revenue account?
Debit
Credit
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