Type of account Decreased by decreases increases Stockholders Equity decreases

Type of account decreased by decreases increases

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: Type of account Decreased by decreases increases Stockholders' Equity decreases increases For each of the following T-accounts, indicate on which side increases are recorded and on which side decreases are recorded: Assets decreases increases Liabilities Fill in the blanks using the dropdown list. Completion and Exercises Asset Liability Stockholders' equity Revenue Expense A __________ __________ contains a listing of the ledger accounts and their debit or credit balances to determine that __________ equal __________ in the recording process. Collectively, all of the accounts in the accounting system are referred to as the __________. The list of accounts in an accountings system (often together with their numbers) is called the __________ __________ __________. The basic unit in which data are stored in an accounting system is called an __________. These storage units should be so constructed as to readily receive money measurements of the __________ or ___________ in the items for which they are established. Whether or not an account is established is determined largely by whether or not it will provide __________ __________. The difference between the amounts entered as increases in an account and those entered as decreases is called the __________ of the account.
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  • Spring '14
  • Balance Sheet, $12,000, $10,000, $22,000, Miller Service Company

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