Debits and Credits-1

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The normal balance of an asset account is a -
1. credit balance
2. debit balance
Whether a debit or credit to an account represents an increase or a decrease depends on the type of account -
1. False
2. True
The accounting term used to indicate an entry in the left column of an account is -
1. Credit
2. Debit
The accounting term used to indicate an entry in the right column of an account is -
1. Debit
2. Credit
A debit to an expense account -
1. Increases the account's balance
2. Decreases the account's balance
To decrease the balance of the accounts payable account -
1. requires a credit to the accounts payable account
2. requires a debit to the accounts payable account
Entries made to expense accounts are normally -
1. credits
2. debits
To increase the balance of the cash account requires -
1. a credit to the cash account
2. a debit to the cash account
The normal balance of a liability account is a -
1. debit balance
2. credit balance
To increase the balance of the sales account -
1. requires a debit to the sales account
2. requires a credit to the sales account
To decrease the balance of the cash account requires -
1. a debit to the cash account
2. a credit to the cash account
A credit to a revenue account -
1. Increases the account's balance
2. Decreases the account's balance
When cash is received the cash account is -
1. credited
2. debited
The normal balance of an expense account is a -
1. debit balance
2. credit balance
Entries made to revenue accounts are normally -
1. credits
2. debits
To increase the balance of an asset account requires that the account be -
1. debited
2. credited
A debit to an account always represents an increase to the account's balance -
1. False
2. True

Debits and Credits-1

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