Ch. 2 Accounting Normal Balance

Ch. 2 Accounting Normal Balance

11th Grade - University

15 Qs

quiz-placeholder

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Ch. 2 Accounting Normal Balance

Ch. 2 Accounting Normal Balance

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11th Grade - University

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the normal balance for Liabilities accounts?
Debit
Credit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the normal balance for "overall" Equity accounts?
Debit
Credit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the normal balance for the Cash account?
Debit
Credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the normal balance for the Prepaid Insurance account?
Debit
Credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a list of all accounts and their balances?
General Journal
T-accounts
Chart of Accounts
Trial Balance

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the normal balance for the Revenue (Fees Earned) account?
Debit
Credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the normal balance for the Office Supplies account?
Debit
Credit

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