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Post Info TOPIC: What is a T account example?
Anonymous

Date: 5 days ago
What is a T account example?
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A Cash account is t account example. For example, if a business gets $1000 from a customer. On the right (debit) side of the Cash T account, we reflect $1,000. Therefore, if the business later spends $200 on office supplies, $200 is recorded on the credit (right) side. This visualization monitors the cash inflows and outflows and assures that transactions are well balanced. T account examples, such as this one, make it simple for people to understand the result of transactions.



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