Accounting NOCTI question & answer 2023 updated

Accounting NOCTI question & answer 2023 updatedTrue or False: Expense Accounts normally have a debit balance - correct answer True The properties used in the operation or investment activities of a bussiness are called - correct answer assets a detailed listing of a general ledgers accounts is called - correct answer chart of accounts which is not considered a category of owners equity (Capital) - correct answer assets true or false: a debit increases a liability account - correct answer false what is the accounting equation - correct answer assets=liabilities+owners equity what is the sales account classified as - correct answer revenue what chart of form identifies a net loss of net gain? - correct answer income statement how many owners are in a propreitorship? - correct answer 1 which accounts belongs in the balance sheet? - correct answer assets, liabilities, and owners equity when checking an invoince for accuracy, the accountant must make sure that extensions and totals are.. - correct answer verefied