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
Q59: When a liability decreases:
A)the account is credited
Q60: A paid income tax instalment
A)increases assets and
Q61: An accountant has debited an asset account
Q62: In recording an accounting transaction in a
Q63: Which pair of accounts follows the rules
Q65: An account will have a credit balance
Q66: An accountant has debited an asset account
Q67: Debit and credit can be interpreted to
Q68: Which one of the following represents the
Q69: An individual accounting record of increases and
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