MODULE #5 - TYPES OF MAJOR ACCOUNTS Flashcards
1
Q
5 major accounts
A
ALORE
2
Q
Basic storage of information in accounting
A
account
3
Q
an account may be depicted through a
A
T account
4
Q
parts of T acc
A
Account title, debit side, credit side
5
Q
describe the specific item
A
Account title,
6
Q
left
A
debit side
7
Q
right
A
credit side
8
Q
list of all accounts used by a business
A
A chart of accounts
9
Q
assigned to the accounts to facilitate recording, cross referencing
A
account numbers
