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 __________.
Want more practice questions?
Receive instant access to our graded Quick Tests (more than 1,800 unique test questions) when you join AccountingCoach PRO.
We now offer three Certificates of Achievement for Introductory Accounting and Bookkeeping. The certificates include Debits and Credits, Adjusting Entries, and Financial Statements. Click here to learn more.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com
