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what are your thoughts as it relates to using T accounts

what are your thoughts as it relates to using T accounts

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T account is presentation of journal entry in T format. All debits are recorded on left side and all credits are recorded on right side of table.

The matching principle of accounting which means the expenses for the period should match with the revenue generated for the period. T account helps to analyse what to enter in ledger to get an adjusting balance so that revenue eqates the expenses.

T account helps to visualise how one side of journal entry will be reflected in other side of corresponding account. The double entry system of accounting is easy to explain in T format of account.

Analysis of any account becomes easy with the use of T account.

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