Parson - Chp 4
Help!
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| ledger | a book or file containing a separate page for each business account; serves as a permanent record of financial transactions
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| Chart of Accounts | a list of all accounts and their assigned account numbers
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| Double-entry accounting | a system of recordkeeping in which each business transaction affects at least two accounts.
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| T-Account | so called because of its shape, shows the dollar increase or decrease in an account by a transaction.
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| Debit | left side
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| credit | right side
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| normal balance | always on the side used to record increases to an account.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
yparson
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