A T-account has which of the following three major parts?
A)A debit side, a credit side, and a balance
B)A debit side, a credit side, and a total column
C)A title, a current date, and a balance
D)A title, a debit side, and a credit side

Question

Quizplus · Accepted Answer

A T-account typically consists of a title (such as the account name), a debit side (left-hand side) and a credit side (right-hand side) indicating increases and decreases in the account, respectively. There is no need for a current date, balance or total column in a T-account.

A T-Account Has Which of the Following Three Major Parts