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    T-accounts are a visual representation of financial accounts using a T-shape with debit amounts listed on the left side and credit amounts on the right. They provide a simple way to track transactions and ensure double-entry bookkeeping balances by showing how increases or decreases to the debit side affect the credit side. Using T-accounts makes it easy to see account balances and the overall financial position over time, and helps accountants determine the correct ledger entries needed to make revenues equal expenses.

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    T-accounts are a visual representation of financial accounts using a T-shape with debit amounts listed on the left side and credit amounts on the right. They provide a simple way to track transactions and ensure double-entry bookkeeping balances by showing how increases or decreases to the debit side affect the credit side. Using T-accounts makes it easy to see account balances and the overall financial position over time, and helps accountants determine the correct ledger entries needed to make revenues equal expenses.

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    © All Rights Reserved
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    6 views7 pages

    Brown Aesthetic Group Project Presentation

    Uploaded by

    gouenjishuuya557
    T-accounts are a visual representation of financial accounts using a T-shape with debit amounts listed on the left side and credit amounts on the right. They provide a simple way to track transactions and ensure double-entry bookkeeping balances by showing how increases or decreases to the debit side affect the credit side. Using T-accounts makes it easy to see account balances and the overall financial position over time, and helps accountants determine the correct ledger entries needed to make revenues equal expenses.

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    © All Rights Reserved
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    of 7

    T-ACCOUNT

    by: FRANCIS JANE V. REYNA


    T-ACCOUNT
    visual representation of an account,and is
    useful to clarify complicated transactions
    It is called T-account because it looks like a
    "T",with a left or debit side,and a right or credit
    side.
    an informal term for a set of financial records
    that use double-entry bookkeeping
    T-ACCOUNT FORMAT
    How T-Account work

    As the debit increases the credit decreases

    And as the credit increases the debit decreases


    ADVANTAGES OF T-ACCOUNT
    It is easy to see outstanding balances

    Easy to view the financial position of the


    business for a time period

    It guides accountants on what to enter in a


    ledger to get an adjusting balance so that
    revenues equal expenses.
    It guides accountants on what to enter in a
    ledger to get an adjusting balance so that
    revenues equal expenses.
    THANKYOU FOR LISTENING!!

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