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T-Account

Quiz by Fatima

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4 questions
Show answers
  • Q1
    The second step of the accounting cycle is ?
    source of funds
    Journals entries
    Trial balance
    30s
  • Q2
    If cash account has Dr side 5000 , Cr side 1000 ; the balance will be ?
    Cr 4000
    Dr 4000
    Dr 6000
    30s
  • Q3
    The normal balance for Notes payable is ?
    none of the above
    Debit
    Credit
    30s
  • Q4
    It has credit normal balance ?
    Drawing
    fees earned
    Rent Expense
    30s

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