AAMI Accounting One, AAMI Accounting Two Exam with Questions and Answers, Exams of Accounting

AAMI Accounting One, AAMI Accounting Two Exam with Questions and Answers How do you increase an asset account? ANSWER✓✓ Debit How do you decrease an asset account? ANSWER✓✓ Credit How do you increase a liability account? ANSWER✓✓ Credit How do you decrease a liability account? ANSWER✓✓ debit How do you increase revenue? ANSWER✓✓ Credit How do you increase expenses? ANSWER✓✓ debit What is the accounting equation? ANSWER✓✓ Assets=Liabilities+Owner's Equity Cash is a(n): ANSWER✓✓ Asset Revenue is a(n): ANSWER✓✓ Owner's Equity Accounts Receivable is a(n): ANSWER✓✓ Asset