For multiple-choice and true/false questions, simply press or click on what you think is the correct answer. For fill-in-the-blank questions press or click on the blank space provided.
If you have difficulty answering the following questions, learn more about this topic by reading our Bookkeeping (Explanation).
A __________ amount will appear on the left side of a T-account.
When a check is written, a cash account should be __________.
Liability accounts will normally have __________ balances.
Revenue accounts will normally have __________ balances.
The book of original entry is the definition of a __________.
Large corporations should report revenues on their income statements when the __________.
Accrued expenses are likely to pertain to transactions that have __________ been paid.
Deferred revenues likely involve cash amounts that have __________ been received.
A supplier of goods or services is known as a __________.
More ways to study this topic:
Learn Accounting: Gain unlimited access to our seminar videos, flashcards, visual tutorials, exams, business forms, and more when you upgrade to PRO.