What is a simple account form widely used in accounting education to illustrate how debits and credits work is called?
A) Withdrawals account
B) Capital account
C) Ledger
D) T-account
E) Balance column account

Question

Quizplus · Accepted Answer

The simple account form widely used in accounting education to illustrate how debits and credits work is called a T-account. It has two sides, the left side for debits and the right side for credits, and allows for easy visualization of the effects of transactions on an account's balance.

What Is a Simple Account Form Widely Used in Accounting