Details

Title: Accounting Chapter 2

Description: Vocabulary

Total Flash Cards: 5

Created: 09/15/2008 09:22:09

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Additional Accounting Flashcards

Cards in this set:

Term
T Account
 Definition
An accounting device used to analyze transactions.
Term
Debit
 Definition
An amount recorded on the left side of the T Account.
Term
Credit
 Definition
An amount recorded on the right side.
Term
Normal Balance
 Definition
The side of the account that is increased.
Term
Chart of Accounts
 Definition
A list of accounts used by a business.