CHP 2 Higher Vocab

CHP 2 - Higher Vocab

Using the list on the back wall define the following words.

Blithe -

Hamper -

Blunderbuss -

Tangible -

Obdurate -

2 Rules

What 2 accounting rules regulate increases and decreases of account balances?

Left Side

An amount recorded on the left side of a T- Account is called what?

Side Increasing

The side of the T-Account that is increased is called what?

Right side

An amount recorded on the right side of a T- Account is called what?

Expense Account

What is the normal balance side of an expense account?