T-account

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.

Related concepts

• Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.

Related coursework

• Bookkeeping Quarter.