With few exceptions,the balance of an account should be on the side of the T account that causes the increase.

Question

Quizplus · Accepted Answer

This statement is true. Whenever there is an increase in an account, it should be reflected on the side of the T account corresponding to that increase. For example, if there is an increase in cash, it should be recorded on the debit side of the cash T account. However, there are some exceptions to this rule, such as in the case of contra accounts or when correcting prior errors.

With Few Exceptions,the Balance of an Account Should Be on the Side