- Debits always equal Credits. -   True
-   False
 
- The Left side of an account is the Credit side. -   True
-   False
 
- Debits always increase an account's balance. -   True
-   False
 
- Which of the following accounts normally have a debit balance ? 
 
- Which of the following accounts normally have a credit balance ? 
 
- All accounts have a normal balance which is either a debit or credit balance. -   True
-   False
 
- When you record an entry on the left side of an account this is called crediting the account. -   True
-   False
 
- Every transaction involves at least one debit and one equal offsetting credit. -   True
-   False
 
- Debits increase liability accounts. -   True
-   False
 
- The cash account is increased by using a credit. -   True
-   False
 
- Whether a debit or credit to an account is an increase or a decrease depends on the type of account. -   True
-   False
 
- A credit to a particular type of account always does the opposite that a debit does (increase or decrease). -   True
-   False
 
- The terms debit and credit should not be associated with good or bad. -   True
-   False
 
- Not all accounts have an increase and decrease side. -   True
-   False
 
- All accounts can be debited and credited. -   True
-   False
 
- Dr and Cr are abbreviations used to denote debits and credits. -   True
-   False
 
- An increase to assets is always a credit. -   True
-   False
 
- An increase to equity is always a debit. -   True
-   False
 
- An increase to an expense is always a credit. -   True
-   False
 
- An increase in revenues is always a credit. -   True
-   False
 
- An increase in liabilities is alwys a credit. -   True
-   False
 
- When you record an entry on the right side of an account this is called debiting the account. -   True
-   False
 
- Which of the following accounts are increased by a debit ? 
 
- Which of the following accounts are increased by using a credit ? 
 
- Which of the following accounts are decreased by a debit ? 
 
- Which of the following accounts are decreased by a credit ? 
 
- Asset accounts normally have a credit balance. -   True
-   False
 
- Revenue Accounts normally have a credit balance. -   True
-   False
 
- Liability accounts normally have a debit balance. -   True
-   False