Term
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Definition
| a list of accounts used by a business |
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Term
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Definition
| an amount recorded on the right side of a T account |
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Definition
| an amount recorded on the left side of a T account |
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Term
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Definition
| The side of the account that is increased |
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Term
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Definition
| an accounting device used to analyze transactions |
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Term
| the values of all things owned (assets) are on the account equation's: left side, right side, credit side? |
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Definition
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Term
| the values of all equities or claims against the assets (liabilities and owner's equity) are on the accounting equation's: left side, right side, debit side? |
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Definition
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Term
| an amount recorded on the left side of a T account is a: debit, credit, normal balance |
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Definition
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Term
| an amount recorded on the right side of a T account is a: debit, credit, normal balance? |
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Definition
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Term
| the normal balance side of any asset account is the: debit side, credit side, right side? |
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Definition
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Term
| the normal balance side of any liability account is the: debit side, credit side, left side? |
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Definition
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Term
| The normal balance side of an owner's capital account is the: debit side, credit side, left side? |
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Definition
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Term
| debits must equal credits: in a T account, on the equation's left side, on the equation's right side, for each transaction? |
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Definition
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Term
| decreases in an asset account are shown on a T account's: debit side, credit side, balance side? |
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Definition
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Term
| Increases in an asset account are shown on a T account's: debit side, credit side, right side |
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Definition
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Term
| decreases in any liability account are shown on a T account's: debit side, credit side, right side? |
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Definition
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Term
| increases in a revenue account are shown on a T account's: debit side, credit side, left side |
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Definition
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Term
| the normal balance side of any revenue account is the: debit side, credit side, left side? |
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Definition
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Term
| the normal balance side of any expense account is the: debit side, credit side, right side? |
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Definition
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Term
| the normal balance side of an owner's drawing account is the: debit side, credit side, left side? |
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Definition
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