How do you put this information in a T account?

[Melissa]

Business English Lesson, Advanced Level

ESL/EFL Test #281 "Various views of accounting", question 1

Commercial, financial and taxation accounting rules ......... their own purposes and, as a consequence, differences in the results should be expected and accepted.

(a) control
(b) guide
(c) protect
(d) serve

Business English Lesson, Advanced Level

ESL/EFL Test #281 "Various views of accounting", answer 1

Commercial, financial and taxation accounting rules serve their own purposes and, as a consequence, differences in the results should be expected and accepted.

Correct answer: (d) serve
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If you purchase a fax machine for $575 and you pay $175 with a check and $400 is due in 30 days, how do you put this information in a T account?

Melissa

[Mister Micawber]

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This is a language forum, not a financial advice site, Melissa. Please consult your accountant.
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Native English teacher at Mister Micawber's