Accounts, Debits and Credits - (all 5 basic)
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10 Terms
Cash
asset, increase and normal balance is debit side, decrease is credit side
Supplies
asset, increase and normal balance is debit side, decrease is credit side
Accounts Receivable
asset, increase and normal balance is debit side, decrease is credit side
Prepaid Insurance
asset, increase and normal balance is debit side, decrease is credit side
Accounts Payable
liability, increase and normal balance is credit side, decrease is debit side
Capital
owner's equity, increase and normal balance is credit side, decrease is debit side
Drawing
owner's equity, increase and normal balance is debit side, decrease is credit side
Sales
revenue, increase and normal balance is credit side, decrease is debit side
Rent Expense
expense, increase and normal balance is debit side, decrease is credit side
Advertising Expense
expense, increase and normal balance is debit side, decrease is credit side
Note 
Flashcards (23)