T Accounts Debits vs Credits
Flashcard
•
Business
•
11th - 12th Grade
•
Practice Problem
•
Easy
Wayground Content
Used 1+ times
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6 questions
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1.
FLASHCARD QUESTION
Front
If a Liability increases, which side will be impacted?
Back
Credit
2.
FLASHCARD QUESTION
Front
If an Asset increases, which side is impacted?
Back
Debit
3.
FLASHCARD QUESTION
Front
If owners equity decreases, which side is impacted?
Back
Debit
4.
FLASHCARD QUESTION
Front
If an Asset decreases, which side will be impacted?
Back
Credit
5.
FLASHCARD QUESTION
Front
If a Liability decreases, which side will be impacted?
Back
Debit
6.
FLASHCARD QUESTION
Front
If owners Equity increases, which side will be impacted?
Back
Credits
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