In its simplest form, a T account consists of three parts: (1) its title, (2) a left or credit side and (3) a right or debit side.
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Q1: The normal balance of a liability account
Q2: The normal balance of the Dividends Declared
Q4: The double-entry accounting system records the dual
Q5: Revenue is only recorded when cash is
Q7: The double-entry system of accounting refers to
Q7: If a revenue account is credited, this
Q9: A decrease in a liability account is
Q10: Collection of an account receivable will increase
Q11: An expense account is a subdivision of
Q26: Assets are decreased with a credit.
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