Reference no: EM133291168

QUESTION 1

The Depreciation Expense account would be increased by:

Debit

Credit

QUESTION 2

The normal balance of Accounts Payable (Accounts Payable) is:

Debit

Credit

QUESTION 3

The accounting classification of the Consulting Services Income account is:

Active

Passive

Capital

Income

Spent

QUESTION 4

The normal balance of the Salary Expenses account is:

Debit

Credit

QUESTION 5

The Depreciation Expense account would appear in the:

Balance Sheet

Income Statement

Statement of Owner's Equity

QUESTION 6

The accounting classification of the Rent Expense account is:

Active

Passive

Capital

Income

Spent

QUESTION 7

The accounting classification of the Accounts Payable account is a:

Active

Passive

Capital

Income

Spent

QUESTION 8

The Rent Expense account is increased by:

Debit

Credit

QUESTION 9

The Accounts Payable account would decrease with a:

Debit

Credit

QUESTION 10

The accounting classification of the Accounts Receivable account is a:

Active

Passive

Capital

Income

Spent

QUESTION 11

The Accounts Payable account would appear in:

Balance Sheet

Income Statement

Statement of Owner's Equity

QUESTION 12

The Cash account (Cash) would appear in the:

Balance Sheet

Income Statement

Statement of Owner's Equity

QUESTION 13

The Rent Expense account would decrease with a:

Debit

Credit

QUESTION 14

The accounting classification of the Cash account (Cash) is:

Active

Passive

Capital

Income

Spent

QUESTION 15

The Rent Expense account would appear in:

Balance Sheet

Income Statement

Statement of Owner's Equity

QUESTION 16

The Withholding Tax Payable account would decrease with:

Debit

Credit

QUESTION 17

The balance of the Cash account (Cash) is increased with a:

Debit

Credit

QUESTION 18

The Inputs account (Supplies) would appear in:

Balance Sheet

Income Statement

Statement of Owner's Equity

QUESTION 19

The Owners Capital Withdrawals account would be increased by:

Debit

Credit

QUESTION 20

The Payroll Tax Expense account would appear in the:

Balance Sheet

Income Statement

Statement of Owner's Equity

QUESTION 21

The Consulting Services Income account will appear in:

Balance Sheet

Income Statement

Statement of Owner's Equity

QUESTION 22

The Accumulated Depreciation account would be increased with a:

Debit

Credit

QUESTION 23

The normal balance of the Owners Capital account is a:

Debit

Credit

QUESTION 24

The Owners Capital account would decrease with a:

Debit

Credit

QUESTION 25

The accounting classification of the Owners' Capital account is a:

Active

Passive

Capital

Income

Spent