Normal Balances
0.0(0)
Studied by 0 people0.0(0)
Call Kai
Learn
Practice Test
Spaced Repetition
Match
Flashcards
Knowt PlayCard Sorting
1/5
Earn XP
Description and Tags
Normal Balances for each account in ACCT 2301 CH 2
Last updated 6:08 PM on 2/4/26
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
6 Terms
1
New cards
Assets
Increases: Debit
Decreases: Credit
Normal Balance: Debit
2
New cards
Expenses
Increases: Debit
Decreases: Credit
Normal Balance: Debit
3
New cards
Dividends
Increases: Debit
Decreases: Credit
Normal Balance: Debit
4
New cards
Liabilities
Increases: Credit
Decreases: Debit
Normal Balance: Credit
5
New cards
Revenues
Increases: Credit
Decreases: Debit
Normal Balance: Credit
6
New cards
Common Stock
Increases: Credit
Decreases: Debit
Normal Balance: Credit
Note 
Flashcards (33)