Question
A- Fill in the spaces (debit or credit): Assets increase Assets decrease Liabilities and Capital increase Liabilities and Capital decrease Expenses are Revenues are B-
A- Fill in the spaces (debit or credit):
| Assets increase | Assets decrease |
| Liabilities and Capital increase | Liabilities and Capital decrease |
| Expenses are | Revenues are |
B- The normal balances in trial balance (put X in the right column)
| Account name | Debit balances | Credit balances |
| Assets |
|
|
| Liabilities and owners equity |
|
|
| Revenues |
|
|
| Expenses |
|
|
| Total | Total = | Total |
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Applications Of Accounting Information Systems
Authors: David M. Shapiro
1st Edition
194999158X, 9781949991581
