Debits and Credits

If you have difficulty answering the following questions, learn more about this topic by reading our Explanation of Debits and Credits.

NOTE: To see each answer, place your cursor in the middle of the cell under "Unscrambled Answer".

	Word Clue	Scrambled Answer	Unscrambled Answer
1.	Liability accounts are decreased with a ________.	TBDIE	DEBIT
2.	A credit will increase the balance in a _________ account.	EERUNEV	REVENUE
3.	Credits are entered on the _________ side of a T-account.	HRTGI	RIGHT
4.	The accounting equation remains in balance due to ________-entry bookkeeping.	UBOLED	DOUBLE
5.	Debits are entered on the ______ side of a T-account.	FETL	LEFT
6.	Asset account balances are reduced by a _________ entry.	ECDTRI	CREDIT
7.	The accounting _________ should always be in balance.	AETQNUOI	EQUATION
8.	The book of original entry.	AUJLNOR	JOURNAL
9.	Revenues cause an increase in owner's _________.	IUTQEY	EQUITY
10.	These cause owner's equity to decrease.	PESSXNEE	EXPENSES
11.	The amount entered on the right side of a T-account.	RIDCTE	CREDIT
12.	_____________ are income statement accounts with debit balances.	NEEXESSP	EXPENSES
13.	Accounts _______________ is a balance sheet account with a debit balance.	VALEBEREIC	RECEIVABLE
14.	_______________ Depreciation is a balance sheet account with a credit balance.	DAMUTEACCUL	ACCUMULATED
15.	The Retained Earnings account will be reduced with a __________ entry.	BDITE	DEBIT
16.	______________ are income statement accounts with credit balances.	VUENSEER	REVENUES
17.	A sole proprietor's ___________ account will have a debit balance.	AGRINDW	DRAWING
18.	Accounts _____________ is a balance sheet account with a credit balance.	ALEABPY	PAYABLE
19.	A ________ balance is an internal report to show that the general ledger's debit balances add up to the same total as the credit balances.	IRLAT	TRIAL
20.	The requirement that each journal entry needs to have at least one debit and one credit is known as __________-entry bookkeeping.	OBUEDL	DOUBLE

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