What is a T-account? On which side is the debit? On which side is the credit? Where does the account name go on a T-account?
Answer to relevant QuestionsWhen are debits increases? When are debits decreases?What are the four parts of a journal entry?What is the difference between cash basis accounting versus accrual basis-accounting? In the recording of depreciation expense, which account is credited?What is Cost of Goods Sold (COGS) and where is it reported?
Post your question