Asked by Tyler Bergh on Jun 15, 2024
Verified
The T account got its name because it resembles the letter "T."
T Account
A graphical representation of a ledger account, used in accounting to depict debits and credits.
- Comprehend the architecture and value of T accounts in the realm of accounting.
Verified Answer
CM
Christine MatosJun 21, 2024
Final Answer :
True
Explanation :
The T account is named after the letter "T" because it visually resembles the shape of a T with the debit entries on the left side and the credit entries on the right side.
Learning Objectives
- Comprehend the architecture and value of T accounts in the realm of accounting.