A T account has which of the following three major parts?
A) a title,a debit side,and a credit side
B) a title,a current date,and a balance
C) a debit side,a credit side,and a total column
D) a debit side,a credit side,and a balance
Correct Answer:
Verified
Q42: Liability,owner's capital,and revenue accounts normally have
A) debit
Q43: The capital account
A) decreases with increased revenue.
B)
Q44: Accounts that affect owner's equity are
A) assets,capital,and
Q45: The drawing account should be used to
Q46: The normal balance of a capital account
A)
Q48: An increase in an asset account may
Q49: Increases are entered on the credit side
Q50: The difference between the total debits and
Q51: A credit
A) increases assets.
B) is on the
Q52: A cash payment on a loan affects
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