What are T-ACCOUNTS?

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What are T-Accounts? An account is a place where we record all transactions that affect a group of related items. A T-Account is a visual representation of an account. It's called a T-Account because it looks like a "T". The Account Name goes on the top. Debits go on the left and Credits go on the right.

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Комментарии
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In 2 days of watching your videos I learned more then I did in 2 terms of attending financial accounting lectures

kaan
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I watch your video most and i learned more about this.
Can you make a Complete Course relted (Tax -topic in which you teach complete detailed related tax )
I also watched you tax videos .❤

Mr.Creator-ddgc
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I find your channel the easiest to understand, thank you for all the time and effort. I would like to know if you have done a video on Control Accounts. Im battling to grasp the concept and why we need them.

lenlowings
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I hate manual T accounts when tracking cost flows because you just know the company is going to make 5 WIP accounts, 2 Inventory accounts and 4 Raw Materials plus 2 Overhead Accounts and it just makes a spiderweb of T Accounts.

Thankfully most are digital now and so long as the jounalizing has no Errors the T accounts are automated.

roxrequiem