A T-account is
A) a way of depicting the basic form of an account.
B) what the computer uses to organize bytes of information.
C) a special account used instead of a trial balance.
D) used for accounts that have both a debit and credit balance.
Correct Answer:
Verified
Q50: An accountant has debited an asset account
Q51: Credits
A) decrease both assets and liabilities.
B) decrease
Q52: An account will have a credit balance
Q53: The best interpretation of the word credit
Q54: An accountant has debited an asset account
Q56: A debit is not the normal balance
Q57: A credit is not the normal balance
Q58: The right side of an account
A) is
Q59: The normal balance of any account is
Q60: A debit to an asset account indicates
A)
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