WorksheetsT-account knowledge check
Total questions: 15
Worksheet time: 8mins
The left side of a T-account is _____________.
Debit
Credit
The right side of a T-account is _________.
Debit
Credit
Accounts Receivable increases in which side of a T-account?
Debit
Credit
The owner invested additional equipment in the business, which of the following accounts should be debited?
Equipment
Cash
Owner's, Capital
Owner's, Equity
The business paid advertisement in advance, which of the following account title should be credited?
Cash
Prepaid Advertisement
Advertising Expense
Accounts Receivable
The owner withdrew cash from the business, which of the following account title should be debited?
Owner's, Drawing
Cash
Owner's, Capital
None of the choices is correct.
Which of the following increases in debit?
None of the choices is correct.
Liability
Revenue
Capital
The business made services to a client on account, which of the following should be credited?
Service Income
Cash
Accounts Receivable
Owner's, Equity
Asset decreases in which side of T-account?
Debit
Credit
Accounts Payable is an example of a liability that decreases in which side of T-account?
Debit
Credit
If the business release a promissory note, it is under what type of account title?
Notes Payable
Notes Receivable
Accounts Payable
Accounts Receivable
If the business received a promissory note, it is under what account title?
Notes Receivable
Notes Payable
Accounts Receivable
Accounts Payable
Utilities expense increases in credit side of T-account.
True
False
The business received payment of notes, which of the following account is being debited?
Cash
Notes Receivable
Notes Payable
Accounts Payable
The business paid its taxes and permit to the government, which of the following accounts should be debited
Cash
Taxes and Licenses Expenses
Prepaid Tax and Licenses
None of the choices is correct.
