accounting review chapter 4
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Accounting Review Chapter 4. Click only on UNDERLINED words Click to begin. Choose Your Topic. Debits Credits. Debits are on what side of the T-Account?. Left Right. What side to Debits increase on?. Right or credit side Left or debit side. - PowerPoint PPT PresentationTRANSCRIPT
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Accounting Review Chapter 4
Click only on UNDERLINED wordsClick to begin
![Page 2: Accounting Review Chapter 4](https://reader036.vdocuments.site/reader036/viewer/2022062309/56815a7a550346895dc7e551/html5/thumbnails/2.jpg)
Choose Your Topic
• Debits• Credits
![Page 3: Accounting Review Chapter 4](https://reader036.vdocuments.site/reader036/viewer/2022062309/56815a7a550346895dc7e551/html5/thumbnails/3.jpg)
Debits are on what side of the T-Account?
• Left• Right
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What side to Debits increase on?
• Right or credit side• Left or debit side
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Which statement is true about Debit/Asset accounts?
• All asset accounts have a debit increase side
• You can only have 3 asset accounts• Not all asset accounts have a debit incre
ase side• You always add to asset accounts
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What do debits increase?
• Common Stock• Assets• Liabilities• Owner’s Equity
![Page 7: Accounting Review Chapter 4](https://reader036.vdocuments.site/reader036/viewer/2022062309/56815a7a550346895dc7e551/html5/thumbnails/7.jpg)
Which account is not a debit increase account?
• Accounts Payable• Accounts Receivable• Land• Expenses
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If you bought supplies on account what would the transaction look
like?• Decrease to supplies, increase to accoun
ts payable• Increase to supplies, increase to
accounts payable• Decrease to supplies, decrease to accou
nts payable• Increase to supplies, decrease to accoun
ts payable
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What is the Credit side of the T-Account?
• Left • Right
![Page 10: Accounting Review Chapter 4](https://reader036.vdocuments.site/reader036/viewer/2022062309/56815a7a550346895dc7e551/html5/thumbnails/10.jpg)
What side do credits increase on?
• Right or credit side• Left or debit side
![Page 11: Accounting Review Chapter 4](https://reader036.vdocuments.site/reader036/viewer/2022062309/56815a7a550346895dc7e551/html5/thumbnails/11.jpg)
What do credits decrease?
• Assets• Retained Earnings• Liabilities• Common Stock
![Page 12: Accounting Review Chapter 4](https://reader036.vdocuments.site/reader036/viewer/2022062309/56815a7a550346895dc7e551/html5/thumbnails/12.jpg)
Which account is not a credit decrease account?
• Supplies• Accounts Receivable • Retained Earnings• Land
![Page 13: Accounting Review Chapter 4](https://reader036.vdocuments.site/reader036/viewer/2022062309/56815a7a550346895dc7e551/html5/thumbnails/13.jpg)
If you bought Common Stock for cash what would the transaction
be?• Decrease to common stock, decrease to
cash• Increase to common stock, decrease to c
ash• Increase to common stock, increase to c
ash• Decrease to common stock, increase to
cash
![Page 14: Accounting Review Chapter 4](https://reader036.vdocuments.site/reader036/viewer/2022062309/56815a7a550346895dc7e551/html5/thumbnails/14.jpg)
Section Complete
• Go back and try the next lesson
• Finished both lessons and go to end
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I know you will get it next time. Keep your head up!!
Back to question
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• Go back and try it again, I know you’ll get it right
Go back to question
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Great Job!!! Keep up the good work!!!
Go to next question
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YAY!!!
• You are correct again!!!!
Next Question
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Try Again
• Go back and try it again, you can do it!!!
Go Back to Question
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WHOOO HOOOO
• Great Job!!! Keep up the good work!!
Go to Next Question
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AWW Man
• Keep at it, I know you can do it
Go back to Question
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Awesome
• You’re right again….keep on going
Go to Next Question
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Awesome
• You’re right again….keep on going
Go to Next Question
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AWW Man
• Keep at it, I know you can do it
Go back to Question
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I know you will get it next time. Keep your head up!!
Back to question
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• Go back and try it again, I know you’ll get it right
Go back to question
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Great Job!!! Keep up the good work!!!
Go to next question
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YAY!!!
• You are correct again!!!!
Next Question
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Try Again
• Go back and try it again, you can do it!!!
Go Back to Question
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WHOOO HOOOO
• Great Job!!! Keep up the good work!!
Go to Next Question
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AWW Man
• Keep at it, I know you can do it
Go back to Question
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Awesome
• You’re right again….keep on going
Go to Next Question
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I know you will get it next time. Keep your head up!!
Back to question
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• Go back and try it again, I know you’ll get it right
Go back to question
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Great Job!!! Keep up the good work!!!
Go to next question
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YAY!!!
• You are correct again!!!!
Next Question
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Finished
• Great Job• Make sure you have finished both topics
if not click here• If you have any more questions make
sure you ask before the test