Ask Question
BusinessBusiness
5 March, 12:27

Where would an increase

asset be placed on a T-account?

Left side

Right side. Horizontal line

This is not placed on a T-account

+5
Answers (1)
  1. 5 March, 12:36
    0
    Answer: Left side of T account

    Explanation:

    T accounts can be used in analyzing of the transactions that take place in the firm. The name T itself symbolizes that the account the vertical and horizontal lines in the account. Account name is posted in the top center. The left side of the account represents the debit side while the right side is for the credit records.

    When there is an increase in the asset equipment it is recorded on the left side of the T account.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Where would an increase asset be placed on a T-account? Left side Right side. Horizontal line This is not placed on a T-account ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The equity method with consolidation is used to account for long-term investments in equity securities with controlling influence. a. True b. False
Answers (1)
You bought 200 shares of Stock A at $23.00 per share 6 months ago. It is now worth $47 per share. What was the percent of increase in the stock over 6 months?
Answers (2)
If earning higher grades is important to you, you are likely to study more. (True or False)
Answers (2)
The purchasing agent of an organization acquired some raw materials at a bargain price, even though she knew that their quality was lower than that of the materials customarily used.
Answers (2)
Classifying Cash Flows Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows: a. Retirement of bonds payable Investing b. Purchase of inventory for cash Financing c.
Answers (1)
New Questions in Business
Units to be Assigned Costs Oak Ridge Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are rolled into steel sheet.
Answers (1)
Select all the correct answers Amber is writing to an accountant that she would like to interview to gain information about the career field. What information should she include in her letter? A.
Answers (2)
What is the acid-test ratio for a merchant with the following account balances? (Round your answer to two decimal places.
Answers (2)
When the market fails to adjust for the full costs of a firm's behavior, this is called?
Answers (1)
What is the basic formula of the malthus theorem?
Answers (1)
Home » Business » Where would an increase asset be placed on a T-account? Left side Right side. Horizontal line This is not placed on a T-account
Sign Up Forgot Password?