Question: Which statement best describes a T - sccount? A T - account represents a ledger account and is a tool used to understand the effects

Which statement best describes a T-sccount?
A T-account represents a ledger account and is a tool used to understand the effects of transactions.
A T-account is used to record transections in a cheonological order and serves as a Dook of ofiginat entry.
A T-account is used in a business to accurately report the financial status of its operations to the owners.
A t-account is a foeme financial statement which reports whether debits = credts of any given time.
Which statement best describes a T - sccount? A T

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