8. MCQ: 1. Which term is associated with "left" or "left-side"? a. Debit b. Credit 2. Which term is associated with "right" or "right-side"? a. Debit b. Credit 3. When cash is received, the account Cash will be a. Debited b. Credited 4. When a company pays a bill, the account Cash will be a. Debited b. Credited 5. What will usually cause an asset account to increase? a. Debit b. Credit 6. What will usually cause the liability account Accounts Payable to increase? a. Debit b. Credit 7. Entries to expenses such as Rent Expense are usually a. Debit b. Credit 8. Entries to revenues accounts such as Service Revenues are usually a. Debit b. Credit 9. Which of the following will cause owner's equity to increase? a. Expenses b. Owner Draws c. Revenue 10. Which of the following will cause owner's equity to decrease? a. Net Income b. Net Loss c. Revenue 11. The accounting equation should remain in balance because every transaction affects how many accounts? a. Only One b. Only Two c. Two Or More 12. Accounting entries involve a minimum of how many accounts? a. One b. Two c. Three