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FABM 1 – Debit or Credit Lightning Round
Quiz by MARY GRACE BASICAL
Track each student's skills and progress in your Mastery dashboards
What is the normal balance of Cash?
Cash increases on which side?
What is the normal balance of Accounts Payable?
Accounts Payable increases on which side?
What is the normal balance of Equipment?
Equipment increases on which side?
What is the normal balance of Service Revenue?
Service Revenue increases on which side?
What is the normal balance of Owner’s Capital?
Owner’s Capital increases on which side?