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5 Cards in this Set
- Front
- Back
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T Account
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An accounting device used to analyze transactions and determine how account balances are changed.
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Debit
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An amount recorded on the left side of a T account.
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Credit
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An amount recorded on the right side of a T account.
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Normal Balance
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The side of the account that is increased.
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Chart of Accounts
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A list of accounts used by a business.
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