Details

Title: Accounting Chapter 2

Description: vocab

Total Flash Cards: 5

Created: 01/20/2009 11:24:46

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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 a T account.
Term
Credit
 Definition
An amount recorded on the right side of a T account.
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.