POA - created May 4, 2020

An individual accounting record of increases and decreases in a specific asset, liability, or owner's equity item is called a(n)

• journal
• account
• ledger
• credit

Debit means left

• True
• False

To increase an asset you would use a 

• debit
• credit

To increase a liability you would use a 

• debit
• credit

To increase an expense you would use a 

• debit
• credit

To decrease cash you would use a 

• debit
• credit

To increase owner's capital you would use a 

• debit
• credit

The normal balance of an account is the side that causes a(n)

• increase
• decrease

The normal balance of service revenue/income is a

• debit

• credit

The normal balance of accounts receivable/debtor is a

• debit

• credit