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|1.||These are entered on the left side of an account.||STDIBE||DEBITS|
|2.||These are entered on the right side of an account.||RTDSCEI||CREDITS|
|3.||These accounts will normally have a credit balance.||IELATISILIB||LIABILITIES|
|4.||These accounts will normally have debit balances.||TSESAS||ASSETS|
|5.||Assets = Liabilities + Owner's _________.||TUQEYI||EQUITY|
|6.||Sales are an example of these.||EENESVUR||REVENUES|
|7.||The credit amount in the depreciation entry is recorded in ______________ Depreciation.||DTUCAMALCUE||ACCUMULATED|
|8.||The accounts are contained in the general ___________.||DLRGEE||LEDGER|
|9.||Entries for depreciation are first written in the general ___________.||NORLAJU||JOURNAL|
|10.||These will reduce the amount of owner's equity.||NXSEEEPS||EXPENSES|
|11.||A listing of the balances of all accounts is a trial _________.||CALBEAN||BALANCE|
|12.||An income statement reports revenues and expenses for a specified ________ of time.||DORIPE||PERIOD|
|13.||A = L + OE is the accounting __________.||UINAQETO||EQUATION|
|14.||Under _________-entry accounting a transaction affects a minimum of two accounts.||UDELOB||DOUBLE|
|15.||Withdrawals made by the owner of a sole proprietorship are recorded in the owner's ___________ account.||IWRGDAN||DRAWING|
|16.||Expenses normally have _________ balances.||TDIBE||DEBIT|
|17.||A _______ to most asset accounts will reduce the balances in those accounts.||DRICET||CREDIT|
|18.||__________ accounts will likely have credit balances.||EURNEEV||REVENUE|
|19.||Bona fide invoices from suppliers that are due in 30 days should be reported in Accounts ________.||YABEALP||PAYABLE|
|20.||The ________ of accounts receivable sorts the customers' balances according to the dates of the sales invoices.||GINGA||AGING|
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300 questions with answers
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