Which of the following is true about T accounts? a.Transactions are first recorded in T accounts and then posted to the journal. b.The right side of a T account is called the debit side. c.The left side of a T account is called the credit side. d.The left side of a T account is called the debit side.
Which of the following is true about T accounts? a.Transactions are first recorded in T accounts and then posted to the journal. b.The right side of a T account is called the debit side. c.The left side of a T account is called the credit side. d.The left side of a T account is called the debit side.
Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 4.4C
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Which of the following is true about T accounts?
a.Transactions are first recorded in T accounts and then posted to the journal.
b.The right side of a T account is called the debit side.
c.The left side of a T account is called the credit side.
d.The left side of a T account is called the debit side.
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