Professional Documents
Culture Documents
T Accounts
T Accounts
t
- -
NEGATIVE
Clothing Balance is ,
!
DR CR CASH is an Asset → Debit t it
Equity is a
liability → credit 4 it
Desired 4
by 20$
so
Asset 50$
Supplies is an so DEBITED
Thy
ACCOUNTS PAYABLE is a
liability ,
so
T
credited
by 50$
so CREDITED 4 15051
by
CASH Debited 4 150$
by
supplies credited 4
by 25$
DENIED account
normally ,
so it is
De BIRD T
by 25$
if COUNT TOTALS DR AND CR they should be