The accounting cycle always start with analyzing a transaction and ends with a trial balance Select one: True False The ledger is always prepared after the journal and before the trial balance Select one: True False Excess of credit side over debit side is called debit balance. Select one: O True False Debits generally: Select one: O increase assets and liabilities. increase assets and decrease liabilities decrease assets and increase liabilities. decrease assets and liabilities. Receiving payments on an account receivable increases both equity and assets. Select one: e True False