What do you think of when you hear the word debit? What do you think of when you hear the word credit? Why does your bank statement show a credit for an increase in your cash balance? Why are T-accounts such a valuable tool for analyzing accounting transactions?© BrainMass Inc. brainmass.com June 3, 2020, 7:35 pm ad1c9bdddf
Detailed answer to your four posted questions is provided in a separate power point file containing 17 slides. I hope you will appreciate the idea of presenting your solution ...
This solution provides explanations for debits, credits, and t accounts.