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Debits and Credits Review

Multiple Choice Questions on debits and credits

1)The business wrote a check:
a)increase Cash account.
b)decrease Cash account.

2)The business wrote a check to the owner:
a)increase Withdrawals account.
b)decrease Withdrawals account

3)The business wrote a check to a vendor for supplies it had purchased on credit:
a)increase Accounts Payable account.
b)decrease Accounts Payable account

4)The business wrote checks to pay wages:
a)increase Wages Expense account.
b)decrease Wages Expense account.

Solution Preview

1)b - cash is decreased and the cash account should be credited.

2)a - when money is taken out of the company to ...