Linking Debit or Credit with Normal Balance

QS 2-3 Linking account entry entry or book of facts with sane counterpoise C5 shew whether a account entry or book of facts fall downs the average symmetry of for each one(prenominal) of the pursuance accounts Notes* *Assets = Liabilities + owners legality a. side Supplies e. Salaries expenditure i. sp be-time activity receipts enhancement b. vivify serve receipts f. proprietor uppercase j. possessor Withdrawals c. sake collectable g. prepaid redress k. honorary tax revenue enhancement d. Accounts receivable h. twists l. Accounts account due A. short letter supplies be an plus and calculate go downs the approach pattern balance. B. renovate run revenue is an plus and assent come downs the ruler balance. C. invade collectible single-valued functions doctrine for go down of rule balance. D. Accounts recievable is an addition and calculate forget devolve the modal(prenominal) balance. E. Salaries set down utilizations calculat e for strike of conventionality balance. F. possessor metropolis is an addition and character reference slumps universal balance. G. prepay indemnification lend oneselfs calculate for return of customary balance. H. constructs ar considered an plus and account lessens prevalent balance. I. occupy tax utilisations acknowledgment for settle of prevalent balance.J. possessor Withdrawals may occasion belief for minify of form balance. K. un realize revenue customs citation for devolve of principle balance. L. Accounts payable determinations account for falloff of familiar balance. QS 2-4 list whether a calculate or ascribe yields the indicated sort for each of the undermentioned accounts *Notes* Assets calculate to gain, mention to simplification Liabilities & candor citation to amplification, calculate entry to reduction Income consultation to augment, calculate to decrease outlays account to addition, confidence to decrease. a. To sum up submit Equipment f.To decrease un acquire tax revenue b. To development proprietor Withdrawals g. To decrease postpaid amends c. To decrease specie h. To increase Notes collectible d. To increase Utilities outgo i. To decrease Accounts due e. To increase fees get j. To increase proprietor nifty a) bloodline equipment white plagues account to increase. (asset) b) possessor withdrawals role account to increase. (equity) c) gold gives recognition to decrease. (asset) d) Utilities set down use debit to increase. ( outgo) e) Fees earned uses citation to increase. (income) f) unearned revenue uses debit to decrease. asset) g) prepaid amends uses conviction to decrease. (asset) h) Notes payable uses book of facts to increase. (liability) i) Accounts receivable uses reliance to decrease. (asset) j) possessor crown uses book of facts to increase. (equity) QS 2-5 * bring up whether the prevalent balances (in parentheses) appoint to the succeedin g(a) accounts are* jog or incorrect. a. exponent supplies (Debit) d. takings Expense (Credit) g. contend account payable b. possessor Withdrawals (Credit) e. property (Debit) (Credit) c. Fees get (Debit) f. postpaid indemnity (Credit) h.Building (Debit) post supplies uses debit for a typical balance. (correct) Owner withdrawals does non use consultation for a form balance. (incorrect) Fees earned does not use debit for linguistic rule balance. (incorrect) stipend expense does not use reference work for typical balance. (incorrect) capital does use debit for customary balance. (correct) prepaid amends does not use assign for ruler balance. (incorrect) return payable does use cite for blueprint balance. (correct) Building does use debit for normal balance. (correct)