A T account is
A) a way of illustrating the basic form of an account.
B) a special account used to record only debits.
C) a special account used to record only credits.
D) the actual account form used in real accounting systems.
Correct Answer:
Verified
Q52: An account will have a credit balance
Q61: The equality of debits and credits is
Q63: A credit is not the normal balance
Q64: An accountant has debited an asset account
Q65: An individual accounting record of increases and
Q67: In recording an accounting transaction in a
Q68: Which of the following correctly identifies the
Q69: The double-entry system requires that each transaction
Q70: A T account consists of
A) a title,
Q71: Which pair of accounts follows the rules
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents