Shared Flashcard Set

Details

Title

Chapter 2

Description

Analyzing Transactions into debits and Credit Parts

Total Cards

Subject

Accounting

Level

12th Grade

Created

01/03/2013

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Additional Accounting Flashcards

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