A list of the accounts in the ledger is called the chart of accounts.

When journalizing a transaction, credits and debits do not have to equal.

The area of accounting that provides external users with information is called:

Including the date of the transaction is required when journalizing.

GAAP stands for Generally Aligned Accounting Partners.

In the space provided, type the accounting equation:

When journalizing a transaction, credits are written first and debits are written second and indented.

Which of the following accounts is increased by a debit.

The normal balance of Accounts Payable is a debit.

When using a T account, the left side of the account always represents the debit side while the right side always represents the credit side.