Question

Fill in the blanks below with the word “debit” or “credit.”
a. The balance of an asset account increases with a __________ and decreases with a __________.
b. The balance of a liability account increases with a __________and decreases with a __________.
c. The balance of a stockholders’ equity account increases with a __________and decreases with a __________.
d. The balance of a revenue account increases with a __________and decreases with a__________ .
e. The balance of an expense account increases with a __________ and decreases with a  __________.



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  • CreatedJuly 15, 2014
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