Lbert_belarmino
Jul 13, 2010, 02:48 AM
What a balance sheet look like when it is recorded in a T account?
morgaine300
Jul 17, 2010, 01:03 AM
All t accounts just look like a big t, which gives you the debit and credit sides of the accounts. It's actually a quicky "scrap paper" way of writing a ledger account. They all look alike, except that the balances should be on the correct debit or credit side, and you should have rules for that in your text.
The balance sheet always has the final balances on it. That is, you could make hundreds of entries that involve the Cash account, and at the end of the accounting period, it's only the final balance of the account that ends up on the balance sheet.
Since a balance sheet isn't recorded "in a t account," I'm not sure precisely what it is that you're asking, so that's the best answer I can get without further clarification from you.