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Accoounting

Chapter 4

TermDefinition
Chart of Accounts A list of all accounts used by a business.
Ledger A group of accounts.
Double- Entry Accounting System to analyze and record a transaction
Debit Left
Credit Right
T Account Shows the dollar increase or decrease in an account that is caused by a transaction.
Normal Balance Always on the side used to record increases to the account.
Created by: 535816
Popular Accounting sets

 

 



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