Ch. 2 Accounting Normal Balance

Quiz

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Other

•

11th Grade - University

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Medium

Wayground Content

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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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