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Chapter 4

TermDefinition
Chart of accounts List of all accounts
Ledger The system to keep accounts in order
Double-entry Accounting System to analyze and record a trasnaction
Debit Left entry
Credit Right entry
T account Shows the dollar increase or decrease in an account that is caused by a transaction
Normal balance Side used to record increases to the account
Created by: 375517
Popular Accounting sets

 

 



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