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- 1. Multiple ChoiceWhat is the normal balance for the Cash account?DebitCredit
- 2. Multiple ChoiceWhat is the normal balance for the Accounts Payable account?DebitCredit
- 3. Multiple ChoiceWhat is the normal balance for the Capital account?DebitCredit
- 4. Multiple ChoiceWhat is the normal balance for the Office Supplies account?DebitCredit
- 5. Multiple ChoiceWhat is the normal balance for the Expenses accounts?DebitCredit
- 6. Multiple ChoiceWhat is the normal balance for the Prepaid Insurance account?DebitCredit
- 7. Multiple ChoiceWhat is the normal balance for the Owner's Withdrawal account?DebitCredit
- 8. Multiple ChoiceWhat is the normal balance for the Revenue (Fees Earned) account?DebitCredit
- 9. Multiple ChoiceWhat is the normal balance for Liabilities accounts?DebitCredit
- 10. Multiple ChoiceWhat is the normal balance for Asset accounts?DebitCredit
- 11. Multiple ChoiceWhat is the normal balance for "overall" Equity accounts?DebitCredit
- 12. Multiple ChoiceWhere do we record accounting transactions first?T-accountsGeneral JournalLedgerTrial Balance
- 13. Multiple ChoiceWhat is a list of all accounts and their account numbers?General JournalGeneral LedgerChart of AccountsTrial Balance
- 14. Multiple ChoiceWhat is a list of all accounts and their balances?General JournalT-accountsChart of AccountsTrial Balance
- 15. Multiple ChoiceWhat does debit mean?IncreaseDecreaseLeftRight
- Answer choicesTagsAnswer choicesTags