Normal Balance Flashcards
To ensure students understand the normal balance (side on which an increase is shown) for each account type.
1
Q
The normal balance for an Asset account is a _______.
A
Debit (DR.)
2
Q
The normal balance for an Expense account is a _______.
A
Debit (DR.)
3
Q
The normal balance for a Liability account is a _______.
A
Credit (CR.)
4
Q
The normal balance for a Revenue account is a _______.
A
Credit (CR.)
5
Q
The normal balance for the Owner’s Equity Capital account is a _______.
A
Credit (CR.)
6
Q
The normal balance for the Owner’s Equity Withdrawl account is a _______.
A
Debit (DR.)
7
Q
A
8
Q
What will usually cause an asset account to increase?
A
Debit
9
Q
hat will usually cause the liability account Accounts Payable to increase?
A
Credit
10
Q
A
