BASIC ACCOUNTING SKILLS

Apply the rules of Debit and Credit to the following accounts:
A decrease to cash is a _______?

• Debit
• Credit

An increase to Utilities Expense is a 

• Debit
• Credit

The normal balance for Cash is a 

• Debit
• Credit

An increase to a revenue account is a

• Debit
• Credit

A decrease to Accounts Payable is a

• Debit
• Credit

An increase to Office Furniture is a 

• Debit
• Credit

Rules for Real Account is

• Debit what comes in Credit what goes out

• Debit all Expenses and Lossess credit all incomes and gains

• Debit the receiver credit the giver

• None of the above

The accounts that records expenses, gains and losses are

• (A) Personal accounts

• (B) Real accounts

• (C) Nominal accounts

• (D) None of the above

Debit the receiver & credit the giver is _____ account

• a) Personal

• b) Real

• c) Nominal

• d) All the above

Which of the following is a Real A/c?

• a) Building A/c

• b) Capital A/c

• c) Shyam A/c

• d) Rent A/c