A T account isA) a way of illustrating the basic form of an account.B) a special account used to record only debits.C) a special account used to record only credits.D) the actual account form used in real accounting systems.

Question

James Terceño · Accepted Answer

Final Answer : A, Explanation :  A T account is a simplified representation of an account, used for educational purposes to illustrate how debits and credits affect an account. It is not a special account for recording only debits or credits, nor is it the form used in actual accounting systems.

A T account is

A) a way of illustrating the basic form of an account.
B) a special account used to record only debits.
C) a special account used to record only credits.
D) the actual account form used in real accounting systems.

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Learning Objectives

Learning Objectives

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