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chaper 2
Sections 1-3
5
Accounting
11th Grade
03/24/2011
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Term
Taccount
 Definition
An account device used to analyze transactions.
Term
Debit
 Definition
an amount recorded on the left of a T account
Term
Credit
 Definition
an amount recorded on the right side of a T account
Term
Normal Balance
 Definition
the side of the account that is increased.
Term
Chart of Accounts
 Definition
a list of accounts used by a business.
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