ocr: Using. T-Accounts We shall illustrate the principles of bookkeeping using T-accounts. These provide a simple way of demonstrating how business transactions were entered into the pages of individual accounts which would be filed together in a large accounts ledger. Although the real world has increasingly seen the replacement of these ledgers by computerised accounting sottware packages, the I-accounts are a more usetul tool for depicting the concept of duality which is inherent in all bookkeeping systems. The simple rule to bear in mind is that: a - Debit entry results in a Credit entry result ...
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