Question 10 of 20 00 50 points a debit balance is a

  • Ashworth College
  • EXAM 3
  • Test Prep
  • Yankee7903
  • 5
  • 100% (10) 10 out of 10 people found this document helpful

This preview shows page 3 - 5 out of 5 pages.

Question 10 of 20 0.0/ 5.0 Points A debit balance is a normal balance for which type of account? A. accounts payable B. revenue C. accounts receivable D. owner’s capital
Question 11 of 20 5.0/ 5.0 Points An asset would be debited and a liability credited if __________.
Question 12 of 20 5.0/ 5.0 Points Office Supplies had a normal starting balance of $75. There were debit postings of $80 and credit postings of $60 during the month. The ending balance is __________.
Question 13 of 20 5.0/ 5.0 Points An account is said to have a debit balance if __________.
C. its normal balance is debit without regard to the amounts or number of entries on the debit side D. the last entry of the accounting period was posted on the debit side Question 14 of 20 5.0/ 5.0 Points A category that is not in the chart of accounts is __________. A. assets B. liabilities C. cash flows D. revenue

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture