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1. An account is made up of which three characteristics? a. A title, the left side (debit side), and the right side (credit side). b.

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1. An account is made up of which three characteristics? a. A title, the left side (debit side), and the right side (credit side). b. The T account, the left side (debit side), and the right side (credit side). c. A title, the T account and the right side (credit side). d. A title, the left side (debit side) and the T account. 23514 2. There are 5 major types of accounts. They are: a. Assets, Liabilities, Drawing, Revenue, and Expenses b. Assets, Drawing, Owner's Equity, Revenue and Expenses C. Assets, Liabilities, Owner's Equity, Revenue and Expenses d. Drawing, Liabilities, Owner's Equity, Revenue and Expenses 23515 3. Every transaction affects at least two accounts. An initial investment of cash in an organization is recorded with: a. Debit to Cash, and a Credit to Owner's Equity b. Debit to Owner's Equity, and a Credit to Cash c. Debit to Cash, and a Credit to Accounts Payable. d. Debit to Liability, and a Credit to Cash

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