企业决策的基础财务会计分册第16版威廉姆斯Chap003.pptVIP

The journal entry to record the purchase of the riding lawn mower is shown here. What will the cash ledger account look like after posting the cash portion of this journal entry? The posting was properly placed in the credit, or decrease, column of the cash ledger account. The balance in the account is updated and is currently $5,500. In accounting, a T account is frequently used to represent a ledger account. You can see the red lines that show how we get the term T account. The T account is a simple way to debit or credit a ledger account for illustration purposes. T accounts are