Debit & Credit Balance Acounts Flashcards
1
Q
Cash
A
Debit balance account
- balance sheet
2
Q
Accounts Receivable
A
Debit balance account
- balance sheet
3
Q
Office Supplies
A
Debit balance account
- balance sheet
4
Q
Inventory
A
Debit balance account
- balance sheet
5
Q
Prepaid Assets
A
Debit account
- balance sheet
6
Q
Notes Recievable
A
Debit balance account
7
Q
Automobiles
A
Debit balance account
8
Q
Land
A
Debit balance account
9
Q
Buildings
A
Debit balance account
10
Q
equipment
A
debit balance account
11
Q
prepaid assets
A
debit balance account
12
Q
accounts payable
A
credit balance account
13
Q
notes payable
A
credit balance account
14
Q
unearned revenue (liability)
A
credit balance account
15
Q
capital
A
credit balance account
16
Q
withdrawals
A
debit balance account
17
Q
consulting revenue
A
credit balance account
18
Q
interest revenue
A
credit balance account
19
Q
mowing revenue
A
credit balance account
20
Q
expenses
A
debit balance account
