Accounts and their Normal Balances
Authored by Carleen Zapata
Business
9th Grade
Used 8+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Normal balance for Expenses?
Debit
Credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Normal Balance for Assets?
Debit
Credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Normal Balance for Income or Revenue?
Debit
Credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Normal Balance for Liabilities?
Debit
Credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Normal Balance for Withdrawals or Drawings?
Debit
Credit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Normal Balance for Capital or Equity?
Debit
Credit
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