Solution ;
Cash receipts are posted to the debit side of the T- account .
Note *
The asset a/c have two side left hand side and credit hand side . The left hand side indicates debit which records
increase in the value of asset . Here , cash is increased which means asset increased .
Cash receipts are posted to the O a. debit side of a T account. O b....
To increase the cash account, the bookkeeper will Select one: O a. debit cash O b. credit cash O c. debit accounts receivable O d. None of the above
The left side of an account is O the balance of the account. O the debit side. O blank. O a description of the account.
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
Journalize the entries to correct the following errors: a. A purchase of supplies for $213 on account was recorded and posted as a debit to Supplies for $446 and as a credit to Accounts Receivable for $446. (Record the entry to reverse the error first.) b. A receipt of $4,410 from Fees Earned was recorded and posted as a debit to Fees Earned for $4,410 and a credit to Cash for $4,410.
When an expense account is increased: A. cash must always be credited. O B. an amount is entered on the debit side of the expense account. O c. stockholders' equity is not affected. O D. an amount is entered on the credit side of the expense 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...
The Petty Cash Fund is listed on the: a. debit side of an income statement. b. assets side of a balance sheet. c. credit side of an income statement. d. liabilities side of a balance sheet.
Question 17 The Chikis Restaurant received $75 from a customer for a meal. A possible T-account booking is: O None of these O Cash T-account: debit side Food sales T-account: credit side Cash T-account: debit side Food expenses T-account: credit side Cash T-account: credit side Food sales T-account: credit side
25. The right side of an account is called the debit side. True O False
1) When a T account has several amounts on both the debit and credit sides, the balance of the account is written a- on the side with the largest number of item amounts b- on the side with the smallest number of item amounts c- on the side with the larger total d-on the side with the smaller total 2) Which of the following is correct? a- Debit is the normal balance of the accounts payable account. b- Credit is...