True or False 1. Transactions are analyzed on the basis of source documents. TRUE TRUE 2. Every business transaction affects a minimum of two accounts. 3. A credit entry to an expense account will increase it. 4. Normally, income accounts have debit balances. FOULE FOUE 5. An account titled Unearned Revenues is a liability account. TRUE 6. A group of accounts in a ledger is called a chart of accounts. 7. A listing of the accounts in a ledger is called a chart of accounts. 16. The gene 17. Note cert bear 18. A tri 19. A t acco 20. A tri been 21. Dou 8. A journal entry may include debits to more than one account and credits to me 22. The than one account, but the total of the debits must always equal the total of credits. TRUE 9. The double-entry system means that transactions are recorded both in the jour and in the ledger. Jaust" 10. The accounting cycle begins with the recording of the transactions and ends wi the preparation of the financial statement 11. Debit means decrease and credit means increase. 12. The T-account is sometimes called the book of original entry. FALSE 13. In some transactions, the accounting equation may not be maintained. 14. Income statement accounts are also known as temporary accounts. TRUE 15. Amounts entered on the left side of an account, regardless of the account title, called credits or charges to the account. accc 23. An mad 24. The cred 25. A re P62 26. The 27. The basi