A company maintains the asset account, Cash, on its books, while the bank maintains a reciprocal account which isGroup of answer choicesalso an asset account.a liability account.a contra-asset account.an owner's equity account.

Which of the following is an example of a contra-asset account?

Asset, liability and owner’s equity accounts are:Group of answer choicespermanent accountstemporary accountsshort-term accountslong-term accounts

An account consists of: Group of answer choices a title, a debit balance and a credit balance. a title, a left side and a debit balance. a title, a debit side and a credit side. a title, a right side and a debit balance.

A cash account is referred to as a permanent account because it is:Group of answer choicesan asset with a physical presencean asset or liability permanently held in the account at the bankan asset around for the life of the businessan asset flowing into the statement of owner’s equity

Which account below is not an account of equity? A. Cash. B. Dividends. C. Reserves. D. Retained Earnings.