81.An account is said to have a debit balance if
a.the amount of the debits exceeds the amount of the credits
b.there are more entries on the debit side than on the credit side
c.there are more entries on the credit side than on the debit side
d.the first entry of the accounting period was posted on the debit side
82.Which side of the account increases the cash account?
a.credit
b.neither a debit or a credit
c.debit
d.either a debit or a credit
83.Which statement(s) concerning cash is (are) true?
a.cash will always have more debits than credits
b.cash will never have a credit balance
c.cash is increased by debiting
d.all are true
84.Which of the following is true about T accounts?
a.The left side of a T account is called the debit side.
b.The left side of a T account is called the credit side.
c.The right side of a T account is called the debit side.
d.Transactions are first recorded in T accounts and then posted to the journal.
85.A cash payment is recorded in the cash account as
a.neither a debit nor a credit
b.a credit
c.a debit
d.either a debit or a credit
86.The balance of an account is determined by
a.adding all of the debits to all of the credits
b.always subtracting the debits from the credits
c.always subtracting the credits from the debits
d.adding all of the debits, adding all of the credits, and then subtracting the smaller sum from the larger sum
87.A list of the accounts used by a business is called the
a.journal
b.chart of accounts
c.T chart
d.debit listing
88.In the chart of accounts, the balance sheet accounts are normally listed in which order?
a.liabilities, assets, stockholders' equity
b.assets, liabilities, stockholders' equity
c.stockholders' equity, assets, liabilities
d.assets, stockholders' equity, liabilities
89.In which order are the accounts listed in the chart of accounts?
a.assets, expenses, liabilities, stockholders' equity, revenues
b.stockholders' equity, assets, liabilities, revenues, expenses
c.assets, liabilities, stockholders' equity, revenues, expenses
d.assets, liabilities, revenues, expenses, stockholders' equity
90.Which are the parts of the T account?
a.title, date, total
b.date, debit side, credit side
c.title, debit side, credit side
d.title, debit side, total