Shared Flashcard Set

Details

Title

Chapter 2: Vocab

Description

Vocabulary terms for Chapter 2: Analyzing Transactions into Debit and Credit Parts

Total Cards

Subject

Accounting

Level

11th Grade

Created

01/13/2015

Click here to study/print these flashcards.

Create your own flash cards! Sign up here.

Additional Accounting Flashcards

Term

T Account

Definition

An accounting device used to analyze transactions.

Term

Debit

Definition

An amount recorded on the left side 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.