Question: BUS 11 Pall 2017 Test 2 (25 points) Name 1. The normal balance of an accouet is on the e. debit side. d. right side.

 BUS 11 Pall 2017 Test 2 (25 points) Name 1. The

BUS 11 Pall 2017 Test 2 (25 points) Name 1. The normal balance of an accouet is on the e. debit side. d. right side. e. credit side. 2. When a T account has several items on both sides, the balance of the nccon is wwimen a. on the side with the greatest number b. on the side with the least number of items c. on the side with the larger total. d. on the side with the smaller total e. in none of these locations ef items 3. A debit may signify a decrease in a(n) a. liability account b. asset account. e. revenue account. d. liability and a revenue account. e. asset and a revenue account. 4. A credit may result in a. an increase in a liability account. b. an increase in a revenue account. c. a decrease in an asset account. d. an increase in the Capital account. e. all of these. 5. Which of the following classifications of accounts has/have a normal credit balance? a. Drawing b. Revenues c. Liabilities d. Revenues and liabilities e. All of these Servi 6. Which of the following describes the classification and normal balance of the Income from a. Capital, debit b. Revenue, credit c. Asset, credit d. Asset, debit e. Expense, debit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!