Difference between revisions of "T-account"

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(Related coursework)
 
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According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
:[[T account]]. A skeleton version of a [[ledger account|standard account]] used for demonstration purposes.
 
:[[T account]]. A skeleton version of a [[ledger account|standard account]] used for demonstration purposes.
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
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:[[T-account]]. A balance sheet with a two-column format, with the T-shape formed by the vertical line down the middle and the horizontal line under the column headings for "Assets" and "Liabilities."
  
 
==Related concepts==
 
==Related concepts==
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*[[Bookkeeping Quarter]].  
 
*[[Bookkeeping Quarter]].  
  
[[Category: Septem Artes Administrativi]][[Category: Articles]]
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[[Category: Economics]][[Category: Septem Artes Administrativi]][[Category: Articles]]

Latest revision as of 11:31, 1 June 2020

T-account (alternatively spelled as T account; hereinafter, the Account) is a skeleton version of a ledger account that is used 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.

According to Principles of Economics by Timothy Taylor (3rd edition),

T-account. A balance sheet with a two-column format, with the T-shape formed by the vertical line down the middle and the horizontal line under the column headings for "Assets" and "Liabilities."

Related concepts

Related lectures