(If you were unable to answer 3 or more questions – give us a call – we can help!)
| 1. |
These are entered on the left side of an account. |
STDIBE |
| 2. |
These are entered on the right side of an account. |
RTDSCEI |
| 3. |
These accounts will normally have a credit balance. |
IELATISILIB |
| 4. |
These accounts will normally have debit balances. |
TSESAS |
| 5. |
Assets = Liabilities + Owner's _________. |
TUQEYI |
| 6. |
Sales are an example of these. |
EENESVUR |
| 7. |
The credit amount in the depreciation entry is recorded in __________ Depreciation. |
DTUCAMALCUE |
| 8. |
The accounts are contained in the general ___________. |
DLRGEE |
| 9. |
Entries for depreciation are first written in the general ___________. |
NORLAJU |
| 10. |
These will reduce the amount of owner's equity. |
NXSEEEPS |
| 11. |
A listing of the balances of all accounts is a trial _________. |
CALBEAN |
| 12. |
An income statement reports revenues and expenses for a specified ________ of time. |
DORIPE |
| 13. |
A = L + OE is the accounting __________. |
UINAQETO |
| 14. |
Under _________-entry accounting a transaction affects a minimum of two accounts. |
UDELOB |
| 15. |
Withdrawals made by the owner of a sole proprietorship are recorded in the owner's ___________ account. |
IWRGDAN |
