Question

A T-account is

1. a way of depicting the basic form of an account.

2. what the computer uses to organize bytes of information.

3. used for accounts that have both a debit and credit balance

4. a special account used instead of a trial balance.

Answer 1

The answer is 3 because the title of the account is entered just above the top horizontal line, which underneath debits are listed on the left and credits are recorded on the right separated by the vertical line of the letter T.