Used to describe a purchase or sale for which cash will be paid or received at a later date. A "credit" transaction.

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a. Balance sheet equation Transactions b. C. On account d. Accrued (or accrual) e. Journal f. Post (posting) g. Ledger h. Account i. Chart of accounts j. T-account k. Account balance 1. Debit m. Credit n. Entry o. Balance p. Charge q. Journal entry r. Source document s. Adjusting journal entry t. Closing the books u. Transaction analysis methodology