T-account, also known as T-account, is a simple account format because it is similar to the capital letter "T" or Chinese character "D". T-account has two sides, called "debit" and "credit" respectively. When the amount is recorded on the left side of the account, it is called "debit" of the account, and when the amount is recorded on the right side of the account, it is called "credit" of the account.
T-account includes three parts: account name, record increase part and record decrease part. There are usually several items, including opening balance, closing balance and current amount. If the records on the left side of the T account increase, the records on the right side will inevitably decrease, and vice versa. Which side's account records increase and which side's records decrease is determined by the accounting method adopted by the enterprise and the economic content of the records.
Extended data
T-account is a method for manually summarizing voucher accounts, which is not used when registering vouchers. At present, microcomputer bookkeeping is widely used, and general ledger is generated at one time. There is basically no need to summarize vouchers. Even if there is a special need to summarize vouchers, it is fast and accurate to do it in financial software.
T-account is a method for manually summarizing voucher accounts, rather than registering vouchers.
The basic method is to draw a T-shaped account book structure by account, and fill the debit or credit amount of accounting business into the left and right sides of the T-shaped account respectively. For example, the T-shaped account of raw materials has a debit on the left and a credit on the right.
① Material purchase is 1000, accounting voucher is: borrowing: raw materials 1000 loan: bank deposit 1000.
② Borrow 500 accounting vouchers for picking: 500 for production cost and 500 for raw materials.
If the T-type account of raw materials is filled in, the purchase amount1000 is filled in the left side of the T-type account of raw materials; Fill in the collection amount of 500 pounds on the right side of the "raw materials" T-account.
Then, calculate the total number of each T-shaped account account separately, and fill the balance in the debit (assets) or credit (liabilities and owner's equity). The total number of each account is used as the data source of the general ledger.
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