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