Chapter 2 Flashcards
1
Q
chart of accounts
A
a list of accounts used by a business
2
Q
a list of accounts used by a business
A
chart of accounts
3
Q
credit
A
an amount recorded on the right side of a T account
4
Q
an amount recorded on the right side of a T account
A
credit
5
Q
debit
A
an amount recorded on the left side of a T account
6
Q
an amount recorded on the left side of a T account
A
debit
7
Q
normal balance
A
the side of the account that is increased
8
Q
the side of the account that is increased
A
normal balance
9
Q
T account
A
an accounting device used to analyze transactions
10
Q
an accounting device used to analyze transactions
A
T account
