BHS Acct Ch 3 debits/credits quiz

by: mburgess
  1. 1

    The accounting equation is Assets = Liabilities - Equities

  2. 2

    The balance side of an account is determined by

  3. 3

    Expenses have a credit balance

  4. 4

    The increase side

  5. 5

    Assets have a debit balance

  6. 6

    The decrease side

  7. 7

    Debit means

  8. 8

    Liabilities have a credit balance

  9. 9

    Revenue accounts have a credit balanace

  10. 10

    Credit means

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