| A | B |
|---|
| ledger | a book or file containing a seperate page for each business account |
| chart of account | a list of all the accounts and their assigned account numbers |
| double-entry accounting | when a accountants analyze and record a transaction affects at least two accounts |
| taccount | an efficient way to apply double-entry acounting is to use what accounting |
| debit | ia an amount entered on the left side of the t account |
| credit | is an amount entered on the right side of the t account |
| normal balance | ia always on the side used to record increases to the account |
| skills | activities that you perform well |
