2. Revenue accounts are increased by credits A. True B. False

5. The accounting equation may be expressed as: A. Assets = Revenues Expenses B. Assets + Liabilities = Stockholders Equity C. Assets Equities = Liabilities D. Assets = Liability + Stockholders Equity

6. Debiting the cash account will increase the account. A. True B. False

7. A chart of accounts is: A. usually listed in the order in which they appear in financial statement. B. Usually a listing of accounts in alphabetical order C. The same as a balance sheet D. One of the four financial statements.