1. In accounting, a ______ is on the left side of a T-account.
2. A ______ is on the right side of a T-account.
3. To increase an asset account, you would ______ it.
4. To decrease an asset account, you would ______ it.
5. To increase a liability account, you would ______ it.
6. To decrease a liability account, you would ______ it.
7. To increase an owner's equity account, you would ______ it.
8. To decrease an owner's equity account, you would ______ it.
9. Revenue accounts normally have a ______ balance.
10. Expense accounts normally have a ______ balance.
11. When cash is received, the Cash account is ______.
12. When cash is paid out, the Cash account is ______.
13. Accounts Payable is a ______ account.
14. Accounts Receivable is an ______ account.
15. To increase a revenue account, you would ______ it.
16. To increase an expense account, you would ______ it.
17. The normal balance of a contra-asset account is a ______.
18. Dividends (or Drawings) are increased by ______.
19. The accounting equation is Assets = Liabilities + ______.
20. When a business purchases supplies on credit, Supplies is debited and ______ is credited.
21. When a business receives cash for services rendered, Cash is debited and ______ is credited.
22. The double-entry accounting system requires that every transaction affect at least ______ accounts.
23. For every debit there must be an equal and opposite ______.
24. The process of recording transactions in a journal is called ______.
25. After journalizing, transactions are transferred to the ______.