In a T-account, on which side do credits appear?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $24.99Unlock all

Study for the AAT Level 2 Introduction to Bookkeeping Test. Use flashcards and multiple choice questions with hints and explanations. Prepare effectively for your exam!

Multiple Choice

In a T-account, on which side do credits appear?

Explanation:
Credits are recorded on the right-hand side of a T-account. In double-entry bookkeeping, every transaction affects two accounts with equal amounts: one is debited (left side) and the other is credited (right side). The T-account visually separates these two effects, so credits sit on the right.

Credits are recorded on the right-hand side of a T-account. In double-entry bookkeeping, every transaction affects two accounts with equal amounts: one is debited (left side) and the other is credited (right side). The T-account visually separates these two effects, so credits sit on the right.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy