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Enviado por   •  2 de Diciembre de 2013  •  599 Palabras (3 Páginas)  •  377 Visitas

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The account T

T can be defined as a graphic representation account of accounting has its different elements.

The T account allows accounting records and is the most used to record the various economic events shape .

elements of the account are:

1. Concept or account name

Two . Account code

Three . Your debit side

4 . Your credit side

May . His movements debits and credits

6. The balance

The account balance is the result of subtracting the value of debits credits .

The T account allows display perfectly that each account has a debit side and a credit side , or should be and that each account has the ability to give and receive , thus fulfilling the principle of double entry , according to which, in all accounting , bookkeeping around , there is always at least one account that delivery and that each account receives and is able both to receive as to give.

FINANCIAL ACCOUNT

The ledger account that allows the instrument to identify, classify and record an item or economic fact made by a company.

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T can be defined as a graphic representation account of accounting has its different elements.

The T account allows accounting records and is the most used to record the various economic events shape .

elements of the account are:

1. Concept or account name

Two . Account code

Three . Your debit side

4 . Your credit side

May . His movements debits and credits

6. The balance

The account balance is the result of subtracting the value of debits credits .

The T account allows display perfectly that each account has a debit side and a credit side , or should be and that each account has the ability to give and receive , thus fulfilling the principle of double entry , according to which, in all accounting , bookkeeping around , there is always at least one account that delivery and that each account receives and is able both to receive as to give.

FINANCIAL

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