BUS1102 Chapter 2 Fill in Questions.docx - 1 1 Question The general ledger is comprised of numerous individual asset liability equity revenue and

BUS1102 Chapter 2 Fill in Questions.docx - 1 1 Question The...

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1. 1. Question The general ledger is comprised of numerous individual asset, liability, equity, revenue, and expense ____________ . o (accounts,account) 2. 2. Question A liability account should be increased with a ____________ and decreased with a ____________. o (credit,credits) (debit,debits) 3. 3. Question The normal balance of an expense account is a ____________ balance. o (debit) 4. 4. QuestionThe normal balances of accounts correspond to the fundamental ____________ . 5. 5. Question Evidence of transactions is often provided by the receipt or issuance of accounting forms known as ____________.
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