A T-Account is a simplified version of a Ledger account. A T-account is shaped like the letter T and has a debit (left) column and a credit (right) column. It is used as a visual way to demonstrate increasing and decreasing accounts in accounting.
A Ledger has more details than a T-Account. It has columns for the date of a transaction, any special notations (Item), a debit and credit column (like the T-Account), and a running balance for the account.
T-Accounts are used in accounting education as a visual way to show the impact of business transactions on individual accounts. Because the ledger contains more details (date, item, balance), it is the preferred method.
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