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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|
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