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Rice Acctg Ch2 Set 1

Maplewood Rice Acctg Ch 2

QuestionAnswer
T Account An accounting device used to analyze transactions
Debit Amount recorded on the left side of a t-account
Credit Amount recorded on the right side of a t-account
Normal Balance The side of the account that is increased
Chart of Accounts A list of accounts used by a business
Popular Accounting sets

 

 



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