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Income earned from the sale of goods or services
Normal Balance
Credit
Double-Entry Accounting
Revenue
Business Transaction
Accounting Equation
Liabilities
Chart of Accounts
The increase side of an account
Normal Balance
Credit
Double-Entry Accounting
Revenue
Business Transaction
Accounting Equation
Liabilities
Chart of Accounts
An economic event that causes a change in the assets, liabilities, or owner's equity of a business
Normal Balance
Credit
Double-Entry Accounting
Revenue
Business Transaction
Accounting Equation
Liabilities
Chart of Accounts
The debts of a business
Normal Balance
Credit
Double-Entry Accounting
Revenue
Business Transaction
Accounting Equation
Liabilities
Chart of Accounts
A financial recordkeeping system in which each business transaction affects at least two accounts.
Normal Balance
Credit
Double-Entry Accounting
Revenue
Business Transaction
Accounting Equation
Liabilities
Chart of Accounts
List of all the accounts used by a business when journalizing its transactions
Normal Balance
Credit
Double-Entry Accounting
Revenue
Business Transaction
Accounting Equation
Liabilities
Chart of Accounts
States that the assets of the business equal the liabilities plus the owner's equity
Normal Balance
Credit
Double-Entry Accounting
Revenue
Business Transaction
Accounting Equation
Liabilities
Chart of Accounts
An amount entered on the right side of the T account
Normal Balance
Credit
Double-Entry Accounting
Revenue
Business Transaction
Accounting Equation
Liabilities
Chart of Accounts
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