Accounting 1 Test 1 Question Preview (ID: 5172)
Objective 1.01.
TEACHERS: click here for quick copy question ID numbers.
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
Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 5172 in the upper right hand corner or click here.
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 5172 in the upper right hand corner or click here.
TEACHERS / EDUCATORS
Log In | Sign Up / Register
Log In | Sign Up / Register