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Trans for Acct Equat
Parson - Chp 4
|a book or file containing a separate page for each business account; serves as a permanent record of financial transactions
|Chart of Accounts
|a list of all accounts and their assigned account numbers
|a system of recordkeeping in which each business transaction affects at least two accounts.
|so called because of its shape, shows the dollar increase or decrease in an account by a transaction.
|always on the side used to record increases to an account.