A ledger account drawn as two columns under a heading looks like one l…

Question

A ledger account drawn as two columns under a heading looks like one letter, giving it its nickname. It is called a:

Accepted Answer

B. T-account

1. The shape gives the name.
2. Debits go left, credits right.
3. It is a T-account.
_Source: OpenStax Principles of Financial Accounting, Chapter 3, Analyzing and Recording Transactions._

Answer

X-account

Answer

V-account

Answer

L-account

A ledger account drawn as two columns under a heading looks like one letter, giving it its nickname. It is called a:

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