Acct210 Chapter 3

A list of all asset, liability, equity, revenue, expense, and dividend accounts which are used by the company is called a:

The purchase of office equipment on credit has what effect on the accounting equation?

Bellarim Corporation made cash sales to customers. What effect does this transaction have on the accounting equation?

Machinery is purchased on credit. What effect does this transaction have on the accounting equation?

The two-column record used to accumulate increases and decreases for individual assets, liabilities, equity, revenue, expense, and dividends items is a:

An entry made to the right side of an account is always a(n):

Debit entries are used to:

Credit entries are used to:

Which of the following accounts is decreased by a debit entry?

Which of the following accounts is increased by a debit entry?

Which of the following accounts is increased by a credit entry?

All of the following accounts have normal debit balances except:

Which pair of accounts has the same set of rules for debit and credit entries?

An account is said to have a debit balance if:

The term for the process of recording accounting transactions in the general journal is:

A trial balance is a(n):