Chp 4 Word Scramble
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| Term | Definition |
| Charts of accounts | is the list of all accounts used by a business |
| Credit | any entry on the right side of the equation |
| Debit | Any entry on the left side of the equation |
| Double entry accounting | To analyze and record a transaction, recognizes the different sides of business transactions such as debit and credit |
| Ledger | Weather a system is manual of electronic, accounts are grouped in this |
| Normal balance | Is always the side used to record increases in the account |
| T account | Shows the dollar increase or decrease that is caused by a transaction |
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Jdegolier16
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