Question: 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
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 the normal balance of the accounts receivable account.
c- Debit is the normal balance of the Income from Services account.
d- Debit is the normal balance of the Drawing account.
3) The trial balance will not expose which of the following errors?
a- Recording only half of an entry and not recording an entire entry.
b- Leaving out an entire entry
c- Recording both halves of an entry on the same side of the T account.
d- Recording only half of an entry.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
