Homework Answers
The left side of an account is the debit side while the right side of an account is the credit side.
The nature of the account may be different but left and right side would be the debit and credit side respectively and not change.For example,revenue and expense account both would have debit on their left side although their nature of transaction debited would be different.
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The left side of an account is O the balance of the account. O the debit...
The left side of an account is the balance of the account. blank. the debit side....
The left side of an account is the balance of the account. blank. the debit side. O a description of the account.
Cash receipts are posted to the O a. debit side of a T account. O b....
Cash receipts are posted to the O a. debit side of a T account. O b. the debit and credit side of the T account. O c.right side of the T account. O d. credit side of a T account.
The left side of any account is the: A.credit side. B.ending balance. C.debit side. D.beginning balance.
The left side of any account is the: A.credit side. B.ending balance. C.debit side. D.beginning balance.
25. The right side of an account is called the debit side. True O False
25. The right side of an account is called the debit side. True O False
What is a Debit and Credit when applied to financial accounting? O A) Debit indicates decrease...
What is a Debit and Credit when applied to financial accounting? O A) Debit indicates decrease and Credit indicates increase O B) Debit is the right side of a “X” account and Credit is the left side of a “X” account O C) Financial accounting does not have a specific definition for Debit and Credit O D) Debit is the left side of a “T” account and Credit is the right side of a “T” account
1. An account is made up of which three characteristics? a. A title, the left side...
1. An account is made up of which three characteristics? a. A title, the left side (debit side), and the right side (credit side). b. The T account, the left side (debit side), and the right side (credit side). c. A title, the T account and the right side (credit side). d. A title, the left side (debit side) and the T account. 23514 2. There are 5 major types of accounts. They are: a. Assets, Liabilities, Drawing, Revenue, and...
The normal balance of an account is the: Multiple Choice side of the T account on...
The normal balance of an account is the: Multiple Choice side of the T account on which it increases. side of the T account on which it decreases. the left side of the account. the right side of the account.
1 2 3 4 5 8 Increase Side Decrease Side Account Account Classification Account's Normal Balance...
1 2 3 4 5 8 Increase Side Decrease Side Account Account Classification Account's Normal Balance Debit Credit Debit Credit Debit Credit Prepaid Insurance O Sales O Supplies O Accounts Receivable-Tom Dayton O O Advertising Expense O O O Cash O Barbara Casey, Drawing O O O O O O O Barbara Casey, Capital O O O Accounts Payable-Emmer Supplies O O O O
Question 1 0.5 pts The credit side of an account is the left side of the...
Question 1 0.5 pts The credit side of an account is the left side of the account O depends on whether the account is an asset. liability or stockholders' equity can be either side of the account depending on how the accountant set up the system is the right side of the account Question 2 0.5 pts The stockholders' equity will be increased by which of the following. revenues none of the above dividends expenses Question 3 0.5 pts @...
Identify the statement below that is correct. A. The left side of a T-account is the...
Identify the statement below that is correct. A. The left side of a T-account is the credit side. B. Debits decrease asset and expense accounts, and increase liability, equity, and revenue accounts. C. The left side of a T-account is the debit side. D. Credits increase asset and expense accounts, and decrease liability, equity, and revenue accounts. E. In certain circumstances the total amount debited need not equal the total amount credited for a particular transaction.
The left side of an account is the balance of the account. blank. the debit side. O a description of the account.
Cash receipts are posted to the O a. debit side of a T account. O b. the debit and credit side of the T account. O c.right side of the T account. O d. credit side of a T account.
25. The right side of an account is called the debit side. True O False
What is a Debit and Credit when applied to financial accounting? O A) Debit indicates decrease and Credit indicates increase O B) Debit is the right side of a “X” account and Credit is the left side of a “X” account O C) Financial accounting does not have a specific definition for Debit and Credit O D) Debit is the left side of a “T” account and Credit is the right side of a “T” account
1. An account is made up of which three characteristics? a. A title, the left side (debit side), and the right side (credit side). b. The T account, the left side (debit side), and the right side (credit side). c. A title, the T account and the right side (credit side). d. A title, the left side (debit side) and the T account. 23514 2. There are 5 major types of accounts. They are: a. Assets, Liabilities, Drawing, Revenue, and...
1 2 3 4 5 8 Increase Side Decrease Side Account Account Classification Account's Normal Balance Debit Credit Debit Credit Debit Credit Prepaid Insurance O Sales O Supplies O Accounts Receivable-Tom Dayton O O Advertising Expense O O O Cash O Barbara Casey, Drawing O O O O O O O Barbara Casey, Capital O O O Accounts Payable-Emmer Supplies O O O O
Question 1 0.5 pts The credit side of an account is the left side of the account O depends on whether the account is an asset. liability or stockholders' equity can be either side of the account depending on how the accountant set up the system is the right side of the account Question 2 0.5 pts The stockholders' equity will be increased by which of the following. revenues none of the above dividends expenses Question 3 0.5 pts @...
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