Examlex
One implicit internal memory aide has proven quite powerful, and those with Alzheimer's can learn new things using it. What is it?
Normal Balance
The side of the accounting equation on which increases to an account are recorded, typically debit for assets and expenses, and credit for liabilities, equity, and revenue.
T Account
A graphical representation of a general ledger account that depicts how any changes to that account are reflected on the debit and credit side.
Ledger
A book or collection of accounts in which account transactions are recorded.
Trial Balance
A bookkeeping report that lists the balances in each of an organization's general ledger accounts at a specific point in time.
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