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What is a T-account?

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Question ajoutée par Ahmed Hassanin CMA , Finance manager , Methode Electronics
Date de publication: 2015/07/07
Shahbaz Hayder
par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

A T-Shape Account is a graphic representation of a general ledger account. It shows Debit entries on left side of the T and credits entries on right side of the T.

 

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yasir nisar
par yasir nisar , Internal Audit Officer , RCG Stores (The Clothing Gallery)

T-Account is basically a general ledger account. which shows Dr and Cr entries.

Dr enter on left side ad Cr entries on right side.  

Julia Kolesnikova
par Julia Kolesnikova , Financial Director , Ariston Thermo Rus (subsidiary Ariston Thermo Group (Italy))

Debit is always left and credit - is right....

Sakhi Muhammad Imran
par Sakhi Muhammad Imran , Finance Manager , United Catering Co. WLL

T account is any general ledger account that shows debit and credit balance of all transaction and also when we close it debit or credit balance of that account 

ARIF BAIG
par ARIF BAIG , C.F.O , COSMO PRO (PVT) LTD

 

A T-account is a one of the two popular types of accounts i.e. running balance account & T-Account

An account is a summary of all increases & decreases in a particular asset, liability, owner's equity, revenue or expense (such as cash). It starts with the opening balance, shows all increases & decreases & ends up with a closing balance

 

 

Syed Fawad Motassim
par Syed Fawad Motassim , Controller Finance , Maple pharmaceutical pvt ltd

T account was used in manual accounting to see the effect of debits and credits and to check the transaction effects. It can be said that it is a general ledger account.

eslam gawad
par eslam gawad , رئيس قسم الحسابات , winner internatioal tours

The Debits and Credits of an account or enter on left side ad Cr entries on right side

VENKATA  RAMANAIAH
par VENKATA RAMANAIAH , General Manager , M/S BEML Ltd

T account represents  a ldger account   to  record 

transactions of a   particular  a/c  or party.  A line

is dawn  in btween the  page to divide t into  two 

equal halfs. on the left it is Debit and on the right

it is credit

 

 

N KARTHIKEYAN
par N KARTHIKEYAN , GM Operations, Sales, Marketing , Balarka Impex Centre, a NRI promoted co.,

T account is the Ledger account

T account is a ledger that shows the debit & credit side of each accounts

Arif Pathan
par Arif Pathan , Financial Analyst , TGS Koya Chartered Accountants

The presentation of GL in T shape that's why called T account. Above this T will be GL name Left side is for Debit Entry and Right side for Credit Entry.

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