• Day 8 Entrep Community

  What does a T account refer to?

  Posted by accountinglads on May 30, 2025 at 7:18 PM

  A T account helps you understand the impacts of various transactions on one account. On a T-account, debits appear on the left and credits on the right. Every account, including Cash, Accounts Payable and Rent Expense, gets its own T account. Every time accountants put transactions in a journal, they can spot problems easily and ensure all records stay accurate.

  Visit us: https://accountinglads.com/t-account/

  accountinglads replied 3 days, 19 hours ago 1 Member · 0 Replies
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