| A | B |
|---|
| Balance Side | The side used to increase the account balance |
| Credit | The right side of the account |
| Debit | The left side of the account |
| Double-Entry Accounting | Requires at least two entries for every transaction |
| T-Account | A tool used to analyze transactions |
| Ledger | Where accounts are grouped |
| Chart of Accounts | A list of account names and numbers |
| Accounting Equation | Assets=Liabities+Owner's Equity |
