My exquisite wall by Carson Tueller https://padlet.com/21ctueller/j35kvyc3dcmq Made with a stroke of good luck en-us 2018-09-25 19:41:27 UTC 2025-02-22 05:35:47 UTC hello@padlet.com Chart of Account 21ctueller https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285762661 A chart of accounts is a created list of the accounts used by an organization to define each class of items for which money or the equivalent is spent or received]]> 2018-09-25 19:47:17 UTC https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285762661 asset 20esmith2 https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285764092 property or items of value owned by a business]]> 2018-09-25 19:50:54 UTC https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285764092 Ledger 21ctueller https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285764587   financial accounts ]]> 2018-09-25 19:52:12 UTC https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285764587 liabilities 20esmith2 https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285765078 the creditor's claims to the assets of the business]]> 2018-09-25 19:53:29 UTC https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285765078 owner's equity 20esmith2 https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285765462 the owner's claims and assets]]> 2018-09-25 19:54:48 UTC https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285765462 revenue 20esmith2 https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285766050 income earned from sale of all goods or services]]> 2018-09-25 19:56:39 UTC https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285766050 expense 21ctueller https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285766411  the cost required for something; the money spent on something ]]> 2018-09-25 19:57:49 UTC https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285766411 double entry accounting 20esmith2 https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285766571 system of accounting or book keeping means that every business transaction will involve 2 accounts]]> 2018-09-25 19:58:19 UTC https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285766571 T-Accounts 21trodabough https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285766981 A T-account is a visual aid used to depict an account in a general ledger. Above the top portion of the T would be the account title. On the left-side of the base of the T would be any debit amounts; on the right-side would be the credit amounts.]]> 2018-09-25 19:59:34 UTC https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285766981 Normal Balance 21ctueller https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285767183  Normal balance is the accounting classification of an account. It is part of double-entry book-keeping technique. An account has either credit or debit normal balance. To increase the value of an account with normal balance of credit, one would credit the account ]]> 2018-09-25 20:00:10 UTC https://padlet.com/21ctueller/j35kvyc3dcmq/wish/285767183