7 terms

ch. 4

STUDY
PLAY
CHART OF ACCOUNTS
a list of all accounts used by a business
ledger
manual or electronic accounts
double entry accounting
system to analyze and record a transaction
debet
an entryon the left side of an account
credit
an entry on the right side of an account
t account
an efficient tool for using double entry accounting
Normal balance
always on the encrease side of an account