An accounting device used to analyze transactions is
- Slides: 29
An accounting device used to analyze transactions is a called a/an ______ T ACCOUNT
An amount recorded on the left side of a T account is a ______ DEBIT
Each asset account has a normal _____ balance. DEBIT
Each liability account has a normal _____ balance. CREDIT
The balance of an account _____ on the same side as the normal balance. INCREASES
Asset accounts increase on the ______ side. DEBIT
Each transaction changes the balance in at least ____ accounts. TWO (2)
A list of accounts used by a business is called a ________ CHART OF ACCOUNTS
When cash is paid for supplies, the supplies account is increased by a ______. DEBIT
Common accounting practice is to record withdrawals as debits directly in the ______ account. NAME, DRAWING
The left side of an asset account is the ____ side DEBIT
A drawing account is increased with a _____. DEBIT
Increases in expense accounts are recorded as debits because they ______ the owner’s capital account. DECREASE
The normal balance side of an accounts receivable is a _____. DEBIT
Accounts Payable accounts are _____ with a credit. INCREASED
Advertising Expense is ____ with a debit. INCREASED
Cash is decreased with a ___. CREDIT
Prepaid Insurance is ____ with a credit. DECREASED
To summarize withdrawal information separately from the other records, owner withdrawal transactions are recorded in the ____ account. DRAWING
Increases to liability accounts are recorded on the ____ side. CREDIT
The right side of a T account is the ____ side. CREDIT
If an amount is recorded on the side of a T account opposite the normal balance side, the account balance ______. DECREASES
The normal balance side of an asset account is the ___ side. DEBIT
When the owner invests cash in a business, the owner’s capital account is increased by a ____. CREDIT
When a business pays cash on account, a liability account is decreased by a _____. DEBIT
When cash is received from sales, the change in the owner’s equity is usually recorded in a separate ______ account. REVENUE
Increases in a revenue account are shown on a T accounts ____ side. CREDIT
When $1, 500 cash is received on account, ____ is decreased with a credit and ____ is increased with a debit. ACCOUNTS RECEIVABLE CASH
The normal balance side of any expense account is the ____ side. DEBIT
- An accounting device used to analyze transactions
- 8. an accounting device used to analyze transactions.
- 4. an accounting device used to analyze transactions.
- Part four analyzing journalizing transactions
- Analyze business transactions
- Hardware output komputer
- Part two analyzing transactions in a cash control system
- Business transactions and the accounting equation
- Guidance note on accounting for real estate transactions
- Sole proprietorship accounting entries
- Expanded accounting equation
- Journalizing transactions
- A tagout device is preferable to using a lockout device.
- Kelompok output device
- The basic summary device of accounting
- Introduction to transformer
- The lottery by shirley jackson resolution
- Input devices images
- A capacitor is a device that:
- A transformer is a device used to
- Efficiency of transformer
- Is a digital camera an electronic device
- Onomatopoeia sentences
- Keyboard layout history
- Ac device
- Flat plate clutch diagram
- The clutch is a device used
- Device used to take pressure diferentials
- Efficiency of transformer
- Financial accounting chapter 1