Unformatted text preview: II. T-accounts T-accounts have the following features: 1. A title at the top 2. A t-shaped figure to clearly depict a debit side and a credit side 3. Non-negative dollar amounts on the debit side and/or the credit side Also: 1. A T-account balance consists of a dollar figure and the word debit or the word credit. The dollar amount is not sufficient. 2. Numbers are entered on either the debit side or on the credit side. 3. Negative numbers never appear in a T-account 4. Many problems must be solved using T-accounts. There is no other method....
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This note was uploaded on 09/30/2011 for the course ORIE 3150 at Cornell.