T-Accounts Flashcards by Michael Agwu | Brainscape

Q

What is a t-account?

A

A visual representation of an account (e.g. cash, accounts receivable etc)

Shaped like a T

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Q

What goes on the left/right of a t-account?

A

Debit on the left

Credit on the right

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Q

Can journal entries be turned into t-accounts?

A

Yes

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