Match the terms with the definitions.

-A tool used to illustrate the double-entry accounting system showing the account title,left side,and right side.
A) balance
B) credit
C) credit balance
D) debit
E) debit balance
F) double-entry accounting
G) footings
H) normal balance
I) $ T $ account
J) trial balance

Question

Match the terms with the definitions.
 
-A tool used to illustrate the double-entry accounting system showing the account title,left side,and right side.
A) balance
B) credit
C) credit balance
D) debit
E) debit balance
F) double-entry accounting
G) footings
H) normal balance
I) $ T $ account
J) trial balance

Quizplus · Accepted Answer

A $ T $ account is a visual aid used in accounting to represent a ledger account and is used to understand the effects of transactions in the double-entry accounting system. It is called a $ T $ account because its representation looks like a "T", showing the account title at the top, debits on the left side, and credits on the right side.

Match the Terms with the Definitions T T T Account J) Trial Balance

Match the Terms with the Definitions $T$ Account
J) Trial Balance