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HLWW AC Ch. 2 Vocab

Vocabulary for Chapter 2 -- Accounting

QuestionAnswer
T Account An accounting device used to analyze transactions.
Debit An amount recorded on the left side of a T account.
Credit An 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.
Created by: dkcgtjs
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