NACPB BOOKKEEPING CERTIFICATION
STUDY - NORMAL BALANCE OF
ACCOUNTS (STUDY FOR ANALYZING T-
ACCOUNT TRANSACTIONS) PASSED!!
1 of 28
Definition
Accounts Payable
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Revenue - credit A liability - credit
Equity - credit An asset - debit
, Don't know?
2 of 28
Definition
COGS (Cost of Goods Sold)
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An asset - debit Equity - credit
Revenue - credit Expense - debit
Don't know?
3 of 28
Definition
Liabilities
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Expense - Debit Credit
Deposit Political
STUDY - NORMAL BALANCE OF
ACCOUNTS (STUDY FOR ANALYZING T-
ACCOUNT TRANSACTIONS) PASSED!!
1 of 28
Definition
Accounts Payable
Give this one a try later!
Revenue - credit A liability - credit
Equity - credit An asset - debit
, Don't know?
2 of 28
Definition
COGS (Cost of Goods Sold)
Give this one a try later!
An asset - debit Equity - credit
Revenue - credit Expense - debit
Don't know?
3 of 28
Definition
Liabilities
Give this one a try later!
Expense - Debit Credit
Deposit Political
