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chapter 2
Information
Processing
goals discussion
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problems
check list and key terms
1. The general ledger is comprised of numerous individual asset, liability, equity, revenue, and expense .
2. A liability account should be increased with a and decreased with a .
3. The normal balance of an expense account is a balance.
4. The normal balances of accounts correspond to the fundamental .
5. Evidence of transactions is often provided by the receipt or issuance of accounting forms known as .
6. In any transaction, total debits must .
7. To record the payment of a previously established account payable requires a to the Accounts Payable account.
8. A is a listing of the general ledger accounts along with the dollar balances contained therein.
9. The individual accounts in a general ledger are frequently assigned a number according to the .