Chapter 4 Word Scramble
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Question | Answer |
Chart of accounts | List of all accounts used by a business. |
Ledger | Where all manual or electronic are grouped together. |
Double entry accounting | System used to analyze and record transactions. |
Credit | Entry on the right side of an account. |
Debt | Entry on the left side of an account. |
T account | Efficient tool for using the Double-Accounting. |
Normal balance | Always on the side used to record increases to the account. |
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