Weekly Accounting Quiz
Authored by Dara Rodemack
Business
University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the normal Balance of Accounts Receivable?
Debit
Credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the normal Balance of Utilities Expense
Debit
Credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the normal Balance of Accumulated Depreciation?
Debit
Credit
Answer explanation
It is a credit balance because it is a Contra Asset account.
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the normal Balance of Cash account?
Debit
Credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the normal Balance of Accounts Payable?
Debit
Credit
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the normal Balance of Interest Revenue?
Debit
Credit
Answer explanation
It has a normal balance of credit because it is an equity account.
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is the normal Balance of an Equipment Account?
Debit
Credit
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