Four-column account

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Four-column account is a running balance account that records debits and credits and has a column for an ending balance (debit or credit). It replaces the standard two-column account we used earlier.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Four-column account. A running balance account that records debits and credits and has a column for an ending balance (debit or credit). It replaces the standard two-column account we used earlier.

Related concepts

Related lectures