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A1C2
Accounting 1 Chapter 2
| Term | Definition |
|---|---|
| chart of accounts | a list of accounts used by a business |
| credit | an amount recorded on the right side of a T account |
| debit | an amount recorded on the left side of a T account |
| normal balance | the side of the account that is increased |
| T account | an accounting device used to analyze transactions |