Accountancy, asked by ABHI2331, 1 year ago

How to make t shaped accounting

Answers

Answered by tejas0402
0

Answer:

The T Account is a visual representation of individual accounts that looks like a “T” so that all additions and subtractions (debits and credits) to the account can be easily tracked and represented visually.

Explanation:

The left side of the Account is always the debit side and the right side is always the credit side, no matter what the account is. For different accounts, debits and credits can mean either an increase or a decrease, but in a T Account, the debit is always on the left side and credit on the right side, by convention.

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