| A | B |
|---|
| Ledger | accounts grouped together |
| Chart of accounts | a list of all the accounts and their assigned account number |
| double-entry accounting | accountants analyze and record a transaction |
| T accounting | shows the dollar increace or decrease in an acount that is caused by a transaction |
| dedit | an amount entered on the left side of a T account |
| normal balance | used to record increases to an acount |
| Credit | amount entered on the righ side of a T account |
| Accounts payable | the amount of money owed, to the creditors of a business |
