Fill in the blanks below with the word debit or credit

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Reference no: EM131519429

Question: Fill in the blanks below with the word "debit" or "credit."

a. The balance of an asset account increases with a _________and decreases with a _________.

b. The balance of a liability account increases with a _________and decreases with a _________.

c. The balance of a stockholders' equity account increases with a _________and decreases with a _________.

d. The balance of a revenue account increases with a _________and decreases with a _________.

e. The balance of an expense account increases with a _________and decreases with a _________.

Reference no: EM131519429

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