To see each answer, press or click on the blue "Unscramble" button.
If you have difficulty answering the following questions, learn more about this topic by reading our Debits and Credits (Explanation).
|1. Liability accounts are decreased with a ________.||DEBIT TBDIE||Unscramble|
|2. A credit will increase the balance in a _________ account.||REVENUE EERUNEV||Unscramble|
|3. Credits are entered on the _________ side of a T-account.||RIGHT HRTGI||Unscramble|
|4. The accounting equation remains in balance due to ________-entry bookkeeping.||DOUBLE UBOLED||Unscramble|
|5. Debits are entered on the ______ side of a T-account.||LEFT FETL||Unscramble|
|6. Asset account balances are reduced by a _________ entry.||CREDIT ECDTRI||Unscramble|
|7. The accounting _________ should always be in balance.||EQUATION AETQNUOI||Unscramble|
|8. The book of original entry.||JOURNAL AUJLNOR||Unscramble|
|9. Revenues cause an increase in owner's _________.||EQUITY IUTQEY||Unscramble|
|10. These cause owner's equity to decrease.||EXPENSES PESSXNEE||Unscramble|
|11. The amount entered on the right side of a T-account.||CREDIT RIDCTE||Unscramble|
|12. _____________ are income statement accounts with debit balances.||EXPENSES NEEXESSP||Unscramble|
|13. Accounts _______________ is a balance sheet account with a debit balance.||RECEIVABLE VALEBEREIC||Unscramble|
|14. _______________ Depreciation is a balance sheet account with a credit balance.||ACCUMULATED DAMUTEACCUL||Unscramble|
|15. The Retained Earnings account will be reduced with a __________ entry.||DEBIT BDITE||Unscramble|
|16. ______________ are income statement accounts with credit balances.||REVENUES VUENSEER||Unscramble|
|17. A sole proprietor's ___________ account will have a debit balance.||DRAWING AGRINDW||Unscramble|
|18. Accounts _____________ is a balance sheet account with a credit balance.||PAYABLE ALEABPY||Unscramble|
|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.||TRIAL IRLAT||Unscramble|
|20. The requirement that each journal entry needs to have at least one debit and one credit is known as __________-entry bookkeeping.||DOUBLE OBUEDL||Unscramble|
Want more practice questions?
Receive instant access to our graded Quick Tests (more than 1,800 unique test questions) when you join AccountingCoach PRO.
We now offer eight Certificates of Achievement for Introductory Accounting and Bookkeeping. The certificates include Debits and Credits, Adjusting Entries, Financial Statements, Balance Sheet, Income Statement, Cash Flow Statement, Working Capital and Liquidity, and Payroll Accounting. Click here to learn more.