Question: 1 . Assets and liabilities increase by _ _ _ _ _ _ _ _ _ _ respectively. debit and debit credit and credit debit

1. Assets and liabilities increase by __________ respectively.
debit and debit
credit and credit
debit and credit
credit and debit
2. Assets and owners equity decrease by __________ respectively.
debit and debit
credit and credit
debit and credit
credit and debit
3. Revenue and expenses increase by __________ respectively.
debit and debit
credit and credit
debit and credit
credit and debit
4. The normal balances for an asset account is _____ and for an expense account is _____.
debit, debit
credit, credit
debit, credit
credit, debit

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