The traditional way to record a debit and credit in one account shaped like a "T." The long line is for the account name, the left column is the debit amount, and the right column is the credit amount.
Related information about t-account:
- Accounting Principles I: T Accounts
... that other job offers merit consideration.) For accounting purposes, think of debit and credit simply in terms of the left-hand and right-hand side of a T account .
- Debits and credits - Wikipedia, the free encyclopedia
Not every single transaction need be entered into a T-account. ... Each transaction is recorded in a ledger or "T" account, e.g. a ledger account named " Bank" ...
- T-Account Definition | Investopedia
An informal term for a set of financial records that use double-entry bookkeeping. The term T-account describes the appearance of the bookkeeping entries.
- What is a T-account? | AccountingCoach.com Q&A
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.
- T-Account Bookkeeping - Houston Bookkeeper
Leading provider of bookkeeping services in Houston. Get advice from a certified bookkeeper, professional bookkeepers and QuickBooks ProAdvisors. Fast ...
- T-Account: Definition from Answers.com
In accounting, using two perpendicular lines that look like the capital letter T to represent an account of any title.
- What is T account? definition and meaning
Definition of T account: Simplified two-column account form that resembles capital (uppercase) letter 'T' and is used commonly in illustrating double entry ...
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j. Dr. Russo withdrew cash for personal use, $5,000. Instructions. 1. Correctly place plus and minus signs under each T account and label the sides of the T ac- ...