17. Describe the account numbering system used in this course. BCLN ACCOUNTING 11 Unit 5-JULY 2015 18. What types of account balances are normally found in an asset account? A liability account? A revenue account? An Expense account? The drawings account? The Capital account? Topic 3: Equity Relationships & the Balance Sheet 20. State the equity equation. 21. Which account represents the beginning equity figure? 22. In which accounts are changes to equity recorded? 23. How do drawings affect the calculations of net income? 24. What will happen to equity if drawings ate greater than net income? 25. Most of the time, a net loss will mean equity has decreased, even if the drawings are zero. True or False? 26. Give an example of when equity would increase if there was a net loss