BUS 1102 Basic accounting.docx - BUS 1102 Basic accounting 1 1 Question The general ledger is comprised of numerous individual asset liability equity

BUS 1102 Basic accounting.docx - BUS 1102 Basic accounting...

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BUS 1102 Basic accounting: 1. 1. Question The general ledger is comprised of numerous individual asset, liability, equity, revenue, and expense ____________ . 2. Question A liability account should be increased with a ____________ and decreased with a ____________. 3. Question The normal balance of an expense account is a ____________ balance. 4. Question The normal balances of accounts correspond to the fundamental ____________ . 5. Question Evidence of transactions is often provided by the receipt or issuance of accounting forms
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