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Accounting > Chapter 2 Vocab > Flashcards

Chapter 2 Vocab Flashcards

1
Q

An accounting device used to analyze transactions

A

T account

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2
Q

An amount recorded on the left side of a T account

A

debit

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3
Q

An amount recorded on the right side of a T account

A

credit

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4
Q

The side of the account that is increased

A

normal balance

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5
Q

A list of accounts used by a business

A

chart of accounts

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Accounting (9 decks)

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