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account test 2

TermDefinition
accounts payable amounts to be paid in the future for goods or services already acquired
accounts receiveable amounts to be received in the future due to the sale of goods or services
chart of accounts a list of accounts used by a business
credit an amount recorded on the right side of an account
debit an amount recorded on the right side of an account
normal balance the side of the account that is increased
T account an accounting device used to analyze transactions.
Created by: Blanca.22
 

 



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