For each financial statement account in the belowmatrix: What increases the acco

Question

For each financial statement account in the belowmatrix: What increases the account? What decreases theaccount? What is the normal balance? Note: The firstaccount (Assets) has been completed foryou. Complete the restof the accounts.                 WhatIncreases theAccount?          WhatDecreases the Account?   What is normalBalance? Assets            Debit                                                Credit                                    Debit Liabilities Equity Revenue Gains Expenses Losses If you were an investon, which of the amounts would you placethe most emphasis on? Why? For each financial statement account in the belowmatrix: What increases the account? What decreases theaccount? What is the normal balance? Note: The firstaccount (Assets) has been completed foryou. Complete the restof the accounts.                 WhatIncreases theAccount?          WhatDecreases the Account?   What is normalBalance? Assets            Debit                                                Credit                                    Debit Liabilities Equity Revenue Gains Expenses Losses If you were an investon, which of the amounts would you placethe most emphasis on? Why?

Explanation / Answer

Transaction Ananlysis Liabilities Credit Debit Credit Equity Credit Debit Credit Revenue Credit Debit Credit Expenses Debit Credit Debit Losses Debit Credit Debit An investor would place the most emphasis on : 1 Assets 2 Gains

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