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If you have difficulty answering the following questions, learn more about this topic by reading our Bookkeeping (Explanation).
|1. These are entered on the left side of an account.||DEBITS STDIBE||Unscramble|
|2. These are entered on the right side of an account.||CREDITS RTDSCEI||Unscramble|
|3. These accounts will normally have a credit balance.||LIABILITIES IELATISILIB||Unscramble|
|4. These accounts will normally have debit balances.||ASSETS TSESAS||Unscramble|
|5. Sales are an example of retailers' operating __________________.||REVENUES EENESVUR||Unscramble|
|6. Accounts are contained in the general ___________.||LEDGER DLRGEE||Unscramble|
|7. Entries for depreciation are first written in the general ___________.||JOURNAL NORLAJU||Unscramble|
|8. The credit amount in the depreciation entry is recorded in ______________ Depreciation.||ACCUMULATED DTUCAMALCUE||Unscramble|
|9. Under _________-entry bookkeeping a transaction affects a minimum of two accounts.||DOUBLE UDELOB||Unscramble|
|10. The accounting or bookkeeping ___________ is Assets = Liabilities + Stockholders' Equity.||EQUATION UNIAQETO||Unscramble|
|11. Bona fide invoices from suppliers that are to be paid in 30 days are reported in Accounts _______.||PAYABLE YABEALP||Unscramble|
|12. The ______ of accounts receivable sorts the customers' balances according to the dates due.||AGING GINGA||Unscramble|
|13. These will reduce stockholders' equity.||EXPENSES NXSEEEPS||Unscramble|
|14. The type of adjusting entry associated with a prepayment.||DEFERRAL LEDERRFA||Unscramble|
|15. The type of account that is affected by the accrual of an expense.||LIABILITY ILBAIYITL||Unscramble|
|16. Internal controls include the _______________ of duties.||SEPARATION ROSTAENAIP||Unscramble|
|17. A ___________-in-transit may be one of the adjustments appearing in the bank reconciliation.||DEPOSIT SPTDOIE||Unscramble|
|18. Another term for supplier.||VENDOR RODEVN||Unscramble|
|19. One to whom money is owed.||CREDITOR ODCIERRT||Unscramble|
|20. __________ Insurance is an asset account.||PREPAID RAEIPDP||Unscramble|
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