To reconcile an account means to account for all the changes occurring in an account during the applicable year. This means:

• The statement of cash flows must identify all the increases , or ,_______ to an asset account.
• The statement of cash flows must identify all the decreases , or , ______to an asset account.
• The statement of cash flows must identify all the increases , or , ________to a liability or equity account.
• The statement of cash flows must identify all the decreases , or ,_________ to a liability or equity account.

Both the ______and _________ to an account, in summation and netted against one another, account for the total change in an account.

W Assets Liabilities Equity