Nature of Accounts
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The T-account, named for its shape, is a convenient way of representing an account on a piece of paper. The T, with the account name entered at the top, permits transaction information to be entered on either side of the vertical line. To record transactions, we must be able to record additions to as well as subtractions from accounts.
Details
- Publication Date
- May 28, 2013
- Language
- English
- Category
- Education & Language
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): Homework Help Classof1
Specifications
- Format