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WorksheetsFABM1- quiz debit and credit
Total questions: 20
Worksheet time: 11mins
If I want to increase the asset account, I will _______ the asset account.
debit
credit
If I want to decrease the asset account, I will______ the asset account.
debit
credit
If I want to decrease my expense account , I will_______ the expense account
debit
credit
If I want to increase the liability account, I will _____the liability account.
debit
credit
. If I want to increase my expense account, I will _______ the expense account.
debit
credit
If I want to decrease the liability account. I will (debit, credit) the liability account.
debit
credit
If I want to increase the owner’s equity account, I will (debit, credit) the owner’s equity account.
debit
credit
If I want to decrease the revenue account, I will (debit, credit) the revenue account
debit
credit
If I want to decrease the owner’s equity account, I will (debit, credit )the owner’s equity account
debit
credit
If I want to increase the revenue account, I will (debit, credit) the revenue account.
debit
credit
The normal balance of cash is credit.
true
false
Inventory account is increased by_____.
Debit
credit
Liam,Capital is classified as_____
Assets
Liabilities
Owner's Equity
Revenue
Interest Income is classified as____
Assets
Liabilities
Owner's Equity
Revenue
Advertising Expense is increased by____
debit
credit
Purchases are classified as____
Assets
liabilities
owner's equity
expenses
The normal balance of withdrawal
debit
credit
Normal balance of salaries payable
debit
credit
Decreases in Notes payable will be recorded in _____
debit
credit
the whole name of your teacher is (a) . (Complete name with middle initial xD)
