Quiz 64: Normal Balance Side Quiz

Each account used in a double entry bookkeeping system has a normal balance side, either debit of credit. Test your knowledge of the normal balance for an account using our accounting quiz.

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If you need a refresher course on the normal balance side take a look at our normal balance tutorial.

Start the Normal Balance Side Quiz

What is the normal balance side of an account? Can you identify whether the normal balance of each of the following accounts is a debit balance or a credit balance.

For each question click on an answer to reveal whether its Right! or Wrong.

 

1. What is the normal balance of accounts payable?
Wrong
Right!
2. What is the normal balance of accounts receivable?
Right!
Wrong
3. The normal balance for asset accounts is a debit or credit?
Right!
Wrong
4. The equity account normal balance?
Wrong
Right!
5. Interest receivable normal balance side?
Right!
Wrong
6. Unearned revenue normal balance?
Wrong
Right!
7. Inventory normal balance?
Right!
Wrong

 

 

 

8. Cost of goods sold normal balance?
Right!
Wrong
9. Dividends normal balance side?
Right!
Wrong
10. Retained earnings normal balance?
Wrong
Right!
11. Accumulated depreciation normal balance?
Wrong
Right!
12. Common stock normal balance?
Wrong
Right!
13. Sales discount normal balance?
Right!
Wrong
14. Cash normal balance?
Right!
Wrong
15. The normal balance side of a liability account is the debit or credit?
Wrong
Right!
16. The revenue normal balance?
Wrong
Right!

Try Another Double Entry Bookkeeping Quiz

This normal balance side of accounts quiz is one of many of our online quizzes which are used to test your knowledge of double entry bookkeeping, discover another at the links below.

Quiz 64: Normal Balance Side Quiz April 5th, 2018Team

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