Which one of the following is NOT a characteristic of a T account?
A) There is a left-hand side showing debit entries.
B) There is a right-hand side showing credit entries.
C) At the end of a period the account balances.
D) Decreases are always recorded on the right-hand side.

Question

Quizplus · Accepted Answer

whether decreases are recorded on the left hand side depends on the type of account, e.g. left hand side entries, or credits, will decrease assets but will increase liabilities

Which One of the Following Is NOT a Characteristic of a T