Worksheetsch 3 review
Total questions: 34
Worksheet time: 17mins
Cash increases with a
Debit
Credit
Capital Stock increases with a
Debit
Credit
Notes Payable increases with a
Debit
Credit
Office Supplies decreases with a
Debit
Credit
Retained Earnings increases with
Debit
Credit
Rent Expense decreases with a
Debit
Credit
Dividends increase with a
Debit
Credit
Sales Revenue increases with a
Debit
Credit
Accounts Payable decreases with a
Debit
Credit
Accounts receivable decreases with a
Debit
Credit
Cash decreases with a
Debit
Credit
Accounts Payable increases with a
Debit
Credit
Notes Payable decreases with a
Debit
Credit
Retained Earnings decreases with a
Debit
Credit
Salaries expense decreases with a
Debit
Credit
Consulting Revenue decreases with a
Debit
Credit
Land increases with a
Debit
Credit
Asset accounts have a positive (normal) balance of
Debit
Credit
Liability accounts have a positive (normal) balance of
Debit
Credit
Owner's Equity accounts have a positive (normal) balance of
Debit
Credit
Revenue accounts have a positive (normal) balance of
Debit
Credit
Expense Accounts have a positive balance of
Debit
Credit
Net Income will increase Retained Earnings with a
Debit
Credit
Net Loss will decrease Retained Earnings with a
Debit
Credit
Dividends will ultimately decrease which account
Revenue
Retained Earnings
Capital Stock
Salaries Payable decrease with a
Debit
Credit
Salaries payable decreases with a
Debit
Credit
Telephone expense increases with a
Debit
Credit
Consulting Revenue decreases with a
Debit
Credit
Equipment decreases with a
Debit
Credit
Net Income is equal to
Revenue > Expenses
Expenses > Revenue
Net Loss is equal to
Revenue > Expenses
Expenses > Revenue
The right side of a T account is called
Debit side
Credit side
The left side of a T account is called
The Debit side
The Credit side
