Accounting: Tools for Business Decision Making, 5th Edition

by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.

Published by Wiley

ISBN 10: 1118128168

ISBN 13: 978-1-11812-816-9

Chapter 3 - The Accounting Information System - Questions - Page 137: 5

Answer

See explanation

Work Step by Step

The account is referred as t-account because the accounting transaction entries are laid down in the manner the resembles like a t shape.

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