The $100 debit was balanced by an equal credit. Rule: For every debit, there must be an equal credit. 4. ... realistic accounts in Exhibit A. The short-form representations are called T-accounts because  ACCOUNTING PROCEDURES Ch. 3.
|Title||:||Accounting and law in a nutshell|
|Author||:||Esron McGruder Faris|
|Publisher||:||West Publishing Company - 1984-02-01|