Match the Basic Accounting Concepts with the definitions Prompts Answers Question 1 1 Assets Select match Question 1 2 Capital assets Select match Question 1 3 Capital expenses Select match Question 1 4 Credits in double-entry accounting Select match Question 1 5 Debits in double-entry accounting Select match Question 1 6 Operating expenses are used to post increases in asset and expense accounts and to post decreases in revenue, liability, and equity accounts. are the costs involved in running the business on a daily basis. are the annual costs related to the decline in value over time of assets with a relatively long, useful life. are the items of financial value owned by the medical facility. are used to post increases in revenue, liability, and equity accounts and to post decreases in asset and expense accounts. are items of higher than minimal value owned by the business, such as buildings and equipment, which have a relatively long, useful life