DEBIT AND CREDIT

Normal balance of Sales

• debit
• credit

Normal balance of Cash

• debit
• credit

Normal balance of Rent Expense

• debit
• credit

Normal balance of Supplies

• debit
• credit

When supplies are bought on account, which column is used in Accounts Payable?

• debit
• credit

Normal balance of owner's capital account

• debit
• credit

Assets increase on the ________ side?

• subsidiary

• T-account

• credit

• debit

owners equity decreases on the _________ side?

• credit

• debit

• payments

• liability

________ are debts of the business?

• assets

• liabilities

• owners equity

• vehicles

Double entry in accounting means there must be________ entries for every transaction?

• two

• Three

• six

• one