QUESTIONS 1. What is a transaction? 2. Where was the accounting system developed that is still used by businesses today? 3. What is this system called? 4. What are the four steps followed by accounting systems? 5. By what is financial information accumulated? 6. Define "T-account." 7. Which accounts are increased with a debit? 8. Which accounts are increased with a credit? 9. What is a journal in the accounting sense? 10. What is a trial balance? 11. Accrual accounting is composed of which two principles? Define each. 12. Define "unearned revenue."