Acounting 1st 9-Weeks Part 2

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The amount entered on the left side of the T account

An accounting period that begins on January 1 and ends on December 31

How many steps are in the accounting cycle?

Principle that states revenue is recorded on the date it is earned even if cash has not been received on that date.

The revenue, expense, and withdrawals accounts are examples of

The process of recording business transactions in a journal

Accounts whose balances are carried from one accounting period to the next

Separate pages or cards in a book that contain the accounts used by a business