Accounting 1 Test 1: Question Preview (ID: 5172)


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The normal balance of the Cash account is:
a) Debit b) Credit c) Zero d) Debit or Credit
The normal balance of the owner's Capital account is:
a) Credit b) Debit c) Zero d) Debit or Credit
The normal balance of the Sales (revenue) account is:
a) Credit b) Debit c) Zero d) Debit or Credit
The normal balance of the Rent Expense account is:
a) Debit b) Credit c) Zero d) Debit or Credit
The normal balance of the Supplies account is:
a) Debit b) Credit c) Zero d) Debit or Credit
The normal balance of the Accounts Payable (liability) account is:
a) Credit b) Debit c) Zero d) Debit or Credit
The normal balance of the owner's Drawing (withdrawals) account is:
a) Debit b) Credit c) Zero d) Debit or Credit
The amount entered on the left side of a T account is:
a) Debit b) Credit c) Normal Balance d) Transaction
The amount entered on the right side of a T account is:
a) Credit b) Debit c) Normal Balance d) Transaction
A business activity that changes assets, liabilities, or owner's equity is called:
a) Transaction b) Revenue c) Expense d) Withdrawal
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