Which of these statements about T accounts is FALSE?
A) They are used mainly in classroom demonstrations.
B) They have both a left side and a right side.
C) They are used extensively in computer accounting.
D) Each account has a normal balance which is either a debit or a credit.

Question

Quizplus · Accepted Answer

T accounts are used extensively in manual accounting systems but are less commonly used in computerized accounting systems.

Which of These Statements About T Accounts Is FALSE