| A | B |
|---|
| Chart of Accounts | “a list of all accounts used by a business” |
| Ledger | “whether a system is manual or electronic |
| Double Entry Accounting | “system to analyze and record a transaction” |
| Debit | “an entry on the left side of an account” |
| Credit | “an entry on the right side of an account” |
| T Account | “also the T shape shows the dollar increase or decrease in an account that is caused by a transaction” |
| Normal Balance | “is always on the side used to record increases to the account” |
