ACC205 Week 1 – PowerPoint & Quiz: Chapter 2
Score for this attempt: 5 out of 5
This attempt took less than 1 minute.
Question 1
1 / 1 pts
In accounting a debit indicates an increase in an account.
True
False
Question 2
1 / 1 pts
In accounting a credit increases a liability account.
True
False
Question 3
1 / 1 pts
In accounting a credit increases an asset account.
True
False
Question 4
1 / 1 pts
In accounting there are no debits or credits entered in the equity accounts.
True
False
Question 5
1 / 1 pts
A trial balance is a listing of all accounts and their balances at a given moment in time.
True
False
Quiz Score: 5 out of 5
