Complete the balance rule

Exercise and reference answers

Missing parts

1. Answer

   debit

   Choices

   1. debit
   2. credit
   3. nil

2. Answer

   credit

   Choices

   1. credit
   2. debit
   3. nil

Complete the statement

Assets and expenses carry {0} balances, while liabilities and revenues carry {1} balances.

Instructions

Drag a word into each gap to finish the sentence.

Explanation