BSBA FM 2Y- Online Quiz on FAR

Determine the normal balance of Trade Receivables

• Debit

• Credit

• Either

• Neither, should be part of the Notes

Determine the normal balance of Short-Term Investment

• Debit

• Credit

• Either

• Neither, should be part of the Notes

Determine the normal balance of Machinery and Equipment

• Debit

• Credit

• Either

• Neither, should be part of the Notes

Determine the normal balance of Trademarks

• Debit

• Credit

• Either

• Neither, should be part of the Notes

Determine the normal balance of Allowance for Doubtful Accounts

• Debit

• Credit

• Either

• Neither, should be part of the Notes

Determine the normal balance of Unearned Revenue

• Debit

• Credit

• Either

• Neither, should be part of the Notes

Determine the normal balance of Accumulated Depreciation

• Debit

• Credit

• Either

• Neither, should be part of the Notes

Determine the normal balance of Land

• Debit

• Credit

• Either

• Neither, should be part of the Notes

Determine the normal balance of Accrued Expense

• Debit

• Credit

• Either

• Neither, should be part of the Notes

Determine the normal balance of Bonds Payable

• Debit

• Credit

• Either

• Neither, should be part of the Notes