Miscellaneous Quiz / Accounting Basics

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Can you answer each accounting question?

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Score 0/30 Timer 03:00
HintAnswer
Merchandise Inventory: normal balance
Sales Returns: normal balance
Rent Expense: normal balance
Any revenue: normal balance
Accounts Receivable: normal balance
Insurance Expense: normal balance
Notes Payable: normal balance
Sales: normal balance
Notes Receivable: normal balance
Any asset: normal balance
Anything of value owned by a company: normal balance
Dividends: normal balance: normal balance
Supplies: normal balance
Prepaid Insurance: normal balance
Transportation In: normal balance
HintAnswer
Sales Discounts: normal balance
Any liability: normal balance
Fees: normal balance
Owner, Drawing: normal balance
Purchases Returns & Allowances: normal balance
Sales Tax Payable: normal balance
Anything 'owed' by the company: normal balance
Cash: normal balance
Purchases Discounts: normal balance
Any expense: normal balance
Rental Revenue: normal balance
Equipment: normal balance
Accounts Payable: normal balance
Chad Nash, Capital: normal balance
Purchases: normal balance

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