Accounting Chapter 2 Vocab

studied byStudied by 0 people
0.0(0)
get a hint
hint

T Account

1 / 5

encourage image

There's no tags or description

Looks like no one added any tags here yet for you.

6 Terms

1

T Account

An accounting device used to analyze transactions

New cards
2

Debit

An amount recorded on the left side

New cards
3

Credit

An amount recorded on the right side

New cards
4

Normal balance

The side of the account that is increased

New cards
5

Chart of Accounts

A list of accounts used by a business

New cards
6

Accounts Payable

Amounts to be paid in the future for goods or services already acquired

New cards

Explore top notes

note Note
studied byStudied by 6 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 66 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 36 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 9 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 8 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 35 people
Updated ... ago
5.0 Stars(1)
note Note
studied byStudied by 70 people
Updated ... ago
5.0 Stars(4)
note Note
studied byStudied by 20 people
Updated ... ago
5.0 Stars(2)

Explore top flashcards

flashcards Flashcard57 terms
studied byStudied by 21 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard45 terms
studied byStudied by 48 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard30 terms
studied byStudied by 13 people
Updated ... ago
5.0 Stars(2)
flashcards Flashcard100 terms
studied byStudied by 4 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard47 terms
studied byStudied by 9 people
Updated ... ago
5.0 Stars(1)
flashcards Flashcard53 terms
studied byStudied by 99 people
Updated ... ago
5.0 Stars(2)
flashcards Flashcard40 terms
studied byStudied by 7 people
Updated ... ago
5.0 Stars(3)
flashcards Flashcard31 terms
studied byStudied by 14 people
Updated ... ago
5.0 Stars(1)