Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Which side of the ledger account does a debit entry appear on?
Which side of the ledger account does a debit entry appear on?
- Top side
- Left side (correct)
- Right side
- Bottom side
What does the word 'debit' mean in Latin?
What does the word 'debit' mean in Latin?
- To believe
- To distribute
- To produce
- To owe (correct)
What does a debit entry indicate in an asset account?
What does a debit entry indicate in an asset account?
- No change
- An error
- A decrease
- An increase (correct)
What does a debit entry indicate in a liability or equity account?
What does a debit entry indicate in a liability or equity account?
Signup and view all the answers
What does the word 'credit' mean in Latin?
What does the word 'credit' mean in Latin?
Signup and view all the answers
Flashcards are hidden until you start studying
