Ch. 2 Accounting Normal Balance
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11th Grade - University
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the normal balance for Liabilities accounts?
Debit
Credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the normal balance for "overall" Equity accounts?
Debit
Credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the normal balance for the Cash account?
Debit
Credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the normal balance for the Prepaid Insurance account?
Debit
Credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a list of all accounts and their balances?
General Journal
T-accounts
Chart of Accounts
Trial Balance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the normal balance for the Revenue (Fees Earned) account?
Debit
Credit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the normal balance for the Office Supplies account?
Debit
Credit
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