Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. how is the balance of t-account determined? must i

How is the balance of T-account determined? Must it always be on the increase side of...

60.1K

Verified Solution

Question

Accounting

How is the balance of T-account determined? Must it always be onthe increase side of the account? Explain in 100-150 words

Answer & Explanation Solved by verified expert
3.5 Ratings (562 Votes)
The T Account is one of the methods of representing the Account The left hand side of the T Account is always debit and the right hand side of the T account is always credit Debit and credit in different    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

How is the balance of T-account determined? Must it always be onthe increase side of the account? Explain in 100-150 words

Other questions asked by students

Q

How much energy per mole is required to transfer acetic acid, a byproduct of ethanol metabolism...

Chemistry
Q

a ray of yellow light crosses the boundary between glass and air, going from glass to...

Physics
Q

You may think tax preparation is straightforward. Well, taxes tell a story of people's lives, and...

Psychology
Q

The USSR spy agency was called the KGB and was formed after what?A. D-Day in...

Biology
Q

Fill in the blank to complete the statement The notation za is the z score...

Statistics
Q

8 Every year the value of a car decreases The following graph illustrates the depreciation...

Statistics
Q

Cul es la forma ms eficiente de ver las entradas de dbito y crdito relacionadas...

Accounting
Q

Carver incorporated purchased a building and...

Accounting
Q

please answer all parts of this question ...

Accounting
Q

Chaney Company provides lawn care services. Following are data for a recent week Service Revenue...

Accounting
Q

The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes...

Accounting
Q

You want to buy some bonds that will have a value of $1.000 at the...

Finance