Normal Balance Flashcards Preview

Basic Bookkeeping - Day 1 > Normal Balance > Flashcards

Flashcards in Normal Balance Deck (10)
Loading flashcards...
1

The normal balance for an Asset account is a _______.

Debit (DR.)

2

The normal balance for an Expense account is a _______.

Debit (DR.)

3

The normal balance for a Liability account is a _______.

Credit (CR.)

4

The normal balance for a Revenue account is a _______.

Credit (CR.)

5

The normal balance for the Owner's Equity Capital account is a _______.

Credit (CR.)

6

The normal balance for the Owner's Equity Withdrawl account is a _______.

Debit (DR.)

7

8

What will usually cause an asset account to increase?

Debit

9

hat will usually cause the liability account Accounts Payable to increase?

Credit

10