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Ch 2 Fill in the blanks - 1. QuestionThe general ledger is comprised of numerous individual asset, liability, equity, revenue, and expense ____________ .CORRECT2. QuestionA liability account should be increased with a ____________ and decreased with a ____________.3. QuestionThe normal balance of an expense account is a ____________ balance.4. QuestionThe normal balances of accounts correspond to the fundamental ____________ .5. QuestionEvidence of transactions is often provided by the receipt or issuance of accounting forms known as
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Revenue, Generally Accepted Accounting Principles, Double-entry bookkeeping system