Asked by
Ashton Sturges
on Oct 20, 2024
Verified
The right side of a T-account is a(n) :
A) Debit.
B) Increase.
C) Credit.
D) Decrease.
E) Account balance.
T-account
A simplified accounting tool used to understand the effects of transactions on individual accounts, visually structured as a 'T'.
- Gain an understanding of the essential elements of debits and credits in accounting practices.
- Acquire knowledge on the layout and function of a T-account.
Verified Answer
CM
Learning Objectives
- Gain an understanding of the essential elements of debits and credits in accounting practices.
- Acquire knowledge on the layout and function of a T-account.