Shared Flashcard Set

Details

Title

Accounting Chapter 2

Description

Vocabulary

Total Cards

Subject

Accounting

Level

12th Grade

Created

09/15/2008

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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 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.