Ch 2 Fill in the blanks.docx - Ch 2 Fill in the blanks 1 Question The general ledger is comprised of numerous individual asset liability equity revenue

Ch 2 Fill in the blanks.docx - Ch 2 Fill in the blanks 1...

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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 ____________ . CORRECT 2. 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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  • Winter '16
  • DAVIS
  • Revenue, Generally Accepted Accounting Principles, Double-entry bookkeeping system

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