An accounting device used to analyze transactions is called a T account.

An amount recorded on the left side of an account is called a debit.

An amount recorded on the right side of an account is called a credit.

The side of the account that is increased is called the normal balance of the account.

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Ch. 2.1 Vocab

Vocab

Term	Definition
T account	An accounting device used to analyze transactions is called a T account.
Debit	An amount recorded on the left side of an account is called a debit.
Credit	An amount recorded on the right side of an account is called a credit.
Normal Balance	The side of the account that is increased is called the normal balance of the account.