| A | B |
|---|
| Accounts payable | Amounts to be paid in the future for goods or services already acquired. |
| Accounts receivable | Amounts to be received in the future due to the sale of goods or services. |
| Chart of accounts | A list of accounts used by a business |
| Credit | An amount recorded on the right side of an account. |
| Debit | An amount recorded on the left side of an account. |
| Forensic accountant | An accountant who combines accounting and investigating skills to uncover suspected fraudulent business activity, or to prevent such activity. |
| Normal balance | The side of an account that is increased. |
| T account | An accounting device used to analyze transactions. |
