Category: Bookkeeping

  • What is a T-Account? Accounting Student Guide

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    by

    nanny
    in

    So, here the students are going to learn about these 3 fundamental accounting assumptions which are known as Going Concern, Consistency, and Accrual. The difference between the two sides of an account is known as balance. On the left side of the T table, under the account name, that’s what we call the debit side…