Accounts that normally show credit balances are s B assets, expenses and capital D liabilities, capital and revenue A assets, expenses and revenue C liabilities, expenses and drawings eb Which of the following statements is correct? Debit means increase, credit means decrease B Profit increases capital C Posting is the process of preparing a trial balance D Double-entry means that each transaction is recorded twice s A journal is A a book of original entry B an optional step in recording all the transactions C a special account D a group of accounts Trial balance means A the process of transferring journal entries to the accounts B the entering of transaction data to financial statements C a book of original entry D a list of accounts at a particular date 9 Which of the following statements about a journal is correct? A A list of accounts with their balances at a given time B It provides a chronological record of transactions C It helps to locate errors in recording the transactions 10 D It does not prove all transactions have been recorded