T account


a written accounting record of transactions of an accounting entity of a particular type (for example, transactions with a particular person or transactions concerning a particular type of asset) which is laid out with a single horizontal rule at the top and a single vertical rule separating debit and credit entries, the rules forming the shape of the letter ‘T’. This layout is used for illustrating accounting techniques, e.g. in teaching, where it is unnecessary to have additional ruled columns for such details as the number of the folio on which the corresponding double entry appears.


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