A simple account form widely used in accounting as a tool to understand how debits and credits affect an account balance is called a:

a. Withdrawals account.
b. Capital account.
c. Drawing account.
d. T-account.
e. Balance column sheet.

Answer: d. T-account.

Business

You might also like to view...

Research suggests that the level of commitment and financial incentives affect whether goals are achieved.

a. true b. false

View
Business

Discuss the costs of conflict in the workplace

What will be an ideal response?

View
Business