| A | B |
|---|
| The right side of a T account is the____ | credit side. |
| If an amount is recorded on the side of a T account opposite the normal balance side.. | the account balance is decreased. |
| The normal balance side of an asset account is the... | debit side. |
| When the owner invests cash in a business, th owne's capital account is... | increased by a credit. |
| When a business pays cash on account, a liability account is... | decreased by a debit. |
| When cash is received from sales, the change in the owner's equity is usually... | recorded in a separate revenue account. |
| Increases in a revenue account are shown on a T account's... | credit side. |
| When $1,500.00 cash is received on account... | Accounts Receivable is decreased with a credit and Cash is increased with a debit. |
| The normal balance side of any expense account is the... | debit side. |
| The Accounting Equation is Assets = | Liabilities + Owner's Equity |
