Fill in the blanks with debit or credit to complete the following sentences correctly.
a. Assets are increased by a _______________.
b. Liabilities are increased by a ______________.
c. The normal balance of a revenue account is a _______________.
d. A ______________ would decrease a liability account.
e. The normal balance of the drawings account is a ______________.
f. A ______________ would increase an expense account.

Question

Quizplus · Accepted Answer

The Answer of Fill in the blanks with debit or credit to complete the following sentences correctly.
a. Assets are increased by a _______________.
b. Liabilities are increased by a ______________.
c. The normal balance of a revenue account is a _______________.
d. A ______________ would decrease a liability account.
e. The normal balance of the drawings account is a ______________.
f. A ______________ would increase an expense account.

Fill in the Blanks with Debit or Credit to Complete