Accounting Tutorial_Debits and Credits - Balance Sheet Accounts Chapter 7


Debits and credits - Balance Sheet Accounts

Principles of Debits and Credits
Debit and Credit Tutorial for Balance Sheet Accounts
Debit and Credit Balance Sheet Accounts Exercise

1. A collection of accounts with a separate record for each is called?

Chart of accounts Balance Sheet Ledger

2. In its simplest form, an account has only _____ elements.

1 2 3

3. The left side of any account is the?

Blank Side Credit Side Debit Side

4. If the debit side of an account has a greater number than the credit side, the account is said to have a?

Debit Balance Credit Balance Unequal balance