Accounting Honors Chapter 4

What is the decrease side for Accounts Payable?

• Debit

• Credit

The normal balance side of an owner's capital account is the debit side.

• True

• False

What is the decrease side for Accounts Receivable?

• Debit

• Credit

What is the decrease side for Cash in Bank?

• Debit

• Credit

What is the decrease side for Abe Dunn, Capital?

• Debit

• Credit

Liability and capital accounts are increased on the debit side.

• True

• False

What is the normal balance for Abe Dunn, Capital?

• Debit

• Credit

Debit means left in accounting.

• True

• False

A credit is an amount entered on the right side of the T Account.

• True

• False

Asset accounts are increased on the credit side.

• True

• False