![T-Account: Definition, Example, Recording, and Benefits](https://adprun.net/wp-content/themes/adp/img/logo.jpg)
T-Account: Definition, Example, Recording, and Benefits
For liabilities and equity accounts, however, debits always signify a decrease to the account, while credits always signify an increase to the account. A T-account is an informal term for a set of financial records that uses double-entry bookkeeping. Once journal entries are made in the general journal or subsidiary journals, they must be posted and transferred […]