Word Scramble for...
Debits and CreditsPrint
If you have difficulty answering the following questions, learn more about this topic by reading our Explanation of Debits and Credits.
|1.||Liability accounts are decreased with a ________.||TBDIE||DEBIT|
|2.||A credit will increase the balance in a _________ account.||EERUNEV||REVENUE|
|3.||Credits are entered on the _________ side of a T-account.||HRTGI||RIGHT|
|4.||The accounting equation remains in balance due to ________-entry bookkeeping.||UBOLED||DOUBLE|
|5.||Debits are entered on the ______ side of a T-account.||FETL||LEFT|
|6.||Asset account balances are reduced by a _________ entry.||ECDTRI||CREDIT|
|7.||The accounting _________ should always be in balance.||AETQNUOI||EQUATION|
|8.||The book of original entry.||AUJLNOR||JOURNAL|
|9.||Revenues cause an increase in owner's _________.||IUTQEY||EQUITY|
|10.||These cause owner's equity to decrease.||PESSXNEE||EXPENSES|
|11.||The amount entered on the right side of a T-account.||RIDCTE||CREDIT|
|12.||_____________ are income statement accounts with debit balances.||NEEXESSP||EXPENSES|
|13.||Accounts _______________ is a balance sheet account with a debit balance.||VALEBEREIC||RECEIVABLE|
|14.||_______________ Depreciation is a balance sheet account with a credit balance.||DAMUTEACCUL||ACCUMULATED|
|15.||The Retained Earnings account will be reduced with a __________ entry.||BDITE||DEBIT|
|16.||______________ are income statement accounts with credit balances.||VUENSEER||REVENUES|
|17.||A sole proprietor's ___________ account will have a debit balance.||AGRINDW||DRAWING|
|18.||Accounts _____________ is a balance sheet account with a credit balance.||ALEABPY||PAYABLE|
|19.||A ________ balance is an internal report to show that the general ledger's debit balances add up to the same total as the credit balances.||IRLAT||TRIAL|
|20.||The requirement that each journal entry needs to have at least one debit and one credit is known as __________-entry bookkeeping.||OBUEDL||DOUBLE|
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