To credit an expense account means to decrease it.

Debits increase asset and expense accounts.

Documents such as invoices, checks, sales orders, contracts, purchase orders, etc. are called source documents.

Which of the following accounts normally has a credit balance ?

Which of the following assets is not a Current Asset ?

The bookkeeping and accounting process starts with -

The accrual basis of accounting normally results in a more accurate measurement of net income than the cash basis.

The type of business that sells products to consumers is called a -

The accounting equation may be stated as -

The right side of what is known as a T-Account is the -

Posting is the process of -

An example of a Current Liability is -

Retained Earnings is an account used by a -

An invoice owed by a customer is recorded in what account ?

A debit can increase some account balances and decrease other account balances.

A credit always increases an account's balance.

The most liquid asset a business possesses is -

The General Ledger is often referred to as the book of original entry.

An Asset Account represents amounts owed to creditors.

Bookkeeping is just one of the tasks involved in accounting.