CH 2 Analyzing Transactions Into Debit And Credit Parts Flashcards
1
Q
An accounting device used to analyze transactions.
A
T Account
2
Q
An amount recorded on the left side of a T account.
A
Debit
3
Q
An amount recorded on the right side of a T account.
A
Credit
4
Q
A list of accounts used by a business.
A
Chart of Accounts
5
Q
The side of the account that is increased.
A
Normal Balance
