More Wrong Questions Flashcards
1
Q
A proof that total debits equal total credits in the ledger is a(n)…
A
Trial Balance
1
Q
A place to record changes caused by transactions is a(n)…
A
T-Account
2
Q
Accounts increase on the side on which they appear on the…
A
Balance
3
Q
Journalize this: Sold an old computer valued at $500 and received $50 cash.
A
Cash 50
Captial 450
Equipment 500
