Match the descriptors to each term (select all descriptors that apply, each term must be matched to at least one of the multiple choices)
Debit
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement

Credit
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement

Purchases
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement

Raw Material Inventory
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement

Requisition
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement

Direct Materials
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement

Indirect Materials
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement

Direct Labor
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement

Indirect Labor
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement

Manufacturing Overhead Applied
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement

Actual Manufacturing Overhead
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement

Manufacturing Overhead
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement

Work-in-Process (Work-in-Progress)
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement

Cost of Goods Manufactured
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement

Finished Good Inventory
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement

Cost of Goods Sold
A) Descriptive Name: Can increase an asset account.
B) Descriptive Name: Can decrease an asset account.
C) Account Name: Balance Sheet
D) Account Name: Income Statement