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Accounting Bookkeeping

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Question
Answer
An entry on the right side of an account   Credit  
🗑
Will increase and asset account   Debit  
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Will decrease the balance in Account Payable.   Debit  
🗑
A general journal entry will have this listed first.   Debit  
🗑
The normal balance for Rent Expense   Debit  
🗑
To decrease Accounts Receivable   Credit  
🗑
The expected balance in Prepaid Insurance.   Debit  
🗑
A negative Cash balance will have this account balance.   Credit  
🗑
Will increase the account Inventory.   Debit  
🗑
The expected balance in the account Petty Cash.   Debit  
🗑
The usual entry for an expense.   Debit  
🗑
Will increase a liability account.   Credit  
🗑
An entry on the left side of an account.   Debit  
🗑
A revenue account's normal balance.   Credit  
🗑


   

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Created by: itucker39
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