Transaction

CP 2-1 The following T-accounts show the relationship of increases (inc.) and decreases (dec.) to debits and credits: Any Asset Debit Credit (inc.) (dec.) X Transaction (10) (12) (13) CHAPTER TWO/The Accounting Process First US Edition Comprehension Problems Any Liability Debit Credit (dec.) (inc.) Any Asset Debit Credit (inc.) (dec) Athutting this CP 2-1 The following T-accounts show the relationship of increases (inc.) and decreases (dec) to debits and credits: Any Liability Debit Credit (dec) inc.) Common Stock Debit Credit (dec.) (inc.) X Common Stoc Debit Credit (dec(inc.) Any Revenue Debit Credit (dec.) (inc.) Any Revenue Debit Credit (dec.) inc.) Any Expense Debit Creat (inc.) (dec) Any Expense Debit Credit (inc.) (dec.)