Difference between revisions of "T-account"
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==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[T | + | :[[T account]]. A skeleton version of a [[standard account]] used for demonstration purposes. |
==Related concepts== | ==Related concepts== | ||
Revision as of 14:58, 15 December 2018
T-account (alternatively known as ledger account or spelled as T account; hereinafter, the Account) is a skeleton version of a financial account that is used in a ledger and/or for demonstration purposes.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- T account. A skeleton version of a standard account used for demonstration purposes.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
