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blwogwoeo
What is accounting T account
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T accountis a simple accounting application that has characteristics of both recording debits and credits in the twin-entry computer bookkeeping. It is known as a T account due to its shape U. There are debit columns on the left and credit columns on the right just like the letter T. Every transaction alters two accounts, one account gets debit and the other a credit. T accounts allow to visualize the effects of transactions on financial records. They are particularly handy in manual compilation of ledgers, interpretation of journal postings and balance of accounts in a clear, systematic manner.
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