Debits and Credits (Word Scramble)

1. Liability accounts are decreased with a ________.

2. A credit will increase the balance in a _________ account.

3. Credits are entered on the _________ side of a T-account.

4. The accounting equation remains in balance due to ________-entry bookkeeping.

5. Debits are entered on the ______ side of a T-account.

6. Asset account balances are reduced by a _________ entry.

7. The accounting _________ should always be in balance.

8. The book of original entry.

9. Revenues cause an increase in owner's _________.

10. These cause owner's equity to decrease.

11. The amount entered on the right side of a T-account.

12. _____________ are income statement accounts with debit balances.

13. Accounts _______________ is a balance sheet account with a debit balance.

14. _______________ Depreciation is a balance sheet account with a credit balance.

15. The Retained Earnings account will be reduced with a __________ entry.

16. ______________ are recorded in income statement accounts with credit balances.

17. A sole proprietor's ___________ account will have a debit balance.

18. Accounts _____________ is a balance sheet account with a credit balance.

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.

20. The requirement that each journal entry needs to have at least one debit and one credit is known as __________-entry bookkeeping.