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match the following a debit b normal balance c credit 50 the left hand side of an ac 4300903
Match the following.
A) debit
B) normal balance
C) credit
50) The left-hand side of an account
51) The right-hand side of an account
52) The side of the account where increases are recorded
53) State whether the account should be debited or credited and the normal balance of the account for the items listed below:
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Account |
Recorded as a debit or credit |
Normal balance of the account |
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a) Increase in Accounts payable |
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b) Increase in Salary expense |
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c) Increase in Withdrawals |
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d) Decrease in Capital |
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e) Decrease in Supplies |
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f) Increase in Accounts receivable |
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g) Decrease in Note payable |
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h) Decrease in Note receivable |
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i) Increase in Utilities expense |
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j) Decrease in Land |
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