Review Game Zone
Flash Cards
(current)
Games
Teachers
Search
Accounting 1 Test 1
Test Description: Objective 1.01
Instructions: Answer all questions to get your test result.
1) The normal balance of the Cash account is:
A
Debit or Credit
B
Zero
C
Credit
D
Debit
2) The normal balance of the owner's Capital account is:
A
Debit or Credit
B
Credit
C
Zero
D
Debit
3) The normal balance of the Sales (revenue) account is:
A
Zero
B
Debit or Credit
C
Debit
D
Credit
4) The normal balance of the Rent Expense account is:
A
Zero
B
Debit
C
Debit or Credit
D
Credit
5) The normal balance of the Supplies account is:
A
Credit
B
Debit
C
Debit or Credit
D
Zero
6) The normal balance of the Accounts Payable (liability) account is:
A
Debit
B
Credit
C
Debit or Credit
D
Zero
7) The normal balance of the owner's Drawing (withdrawals) account is:
A
Credit
B
Debit
C
Debit or Credit
D
Zero
8) The amount entered on the left side of a T account is:
A
Normal Balance
B
Transaction
C
Credit
D
Debit
9) The amount entered on the right side of a T account is:
A
Debit
B
Credit
C
Transaction
D
Normal Balance
10) A business activity that changes assets, liabilities, or owner's equity is called:
A
Revenue
B
Transaction
C
Withdrawal
D
Expense
*select an answer for all questions
Check Results & Get Answers
Play Games with the Questions Above
Teachers: Create FREE classroom games with your questions
Click for more info!
©2007-2024
ReviewGameZone.com
|
About
|
Privacy
|
Contact
|
Terms
|
Site Map
WAIT! Find what you needed?
×
Still Looking for the Answers?
Have Another Question?
Play a Review Game with These Questions?
Want to Make Your Own Test Like This One?