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View Full Version : What is a T-account?


eulalio06706
Mar 13, 2012, 01:04 PM
What is the easy way to explain a T-account

Wondergirl
Mar 24, 2012, 12:38 PM
CliffNotes explains it this way --

T Accounts: The simplest account structure is shaped like the letter T. The account title and account number appear above the T. Debits (abbreviated Dr.) always go on the left side of the T, and credits (abbreviated Cr.) always go on the right.