Ba 220 ba220 midterm Study guides, Class notes & Summaries

BA220 Midterm Answers (Grantham) 1. What is the accounting equation? 2. Do you use debit or credit to increase an asset? 3. Do you use debit or credit to increase an account under Liabilities? 4. Do you use debit or credit to decrease an account under Owner’s/Stockholder’s Equity? 5. Fill in the missing number in place of the question mark: 6. What component within the accounting equation would “Cash” fall under? 7. What component within the accounting equation would “Accounts Pa...