Book

E Rosenberg wmcomputersystems at gmail.com
Thu Mar 17 00:23:09 EDT 2016


Thank to all-

Let me revise my question.

How do I determine the correct accounts to use.  I previously posted a
question concerning selling at a profit and appreciate your answers.
How do I handle various scenarios? I have looked at a number of books
on accounting/bookkeeping and see no detailed treatment of this
subject.

TIA

Ethan

On Mon, Feb 29, 2016 at 5:05 PM, Buddha Buck <blaisepascal at gmail.com> wrote:
> A "T account" is a name used for a ledger account in intro to bookkeeping
> classes/books. It's written as a big "T", with the name of the account
> across the top, and a clear separation of debit and credit entries. It's
> used to emphasize that the accounts have two different types of entries
> which are summed up separately to get the account balance. I'm pretty sure
> the two columns are separated in such an exaggerated view (there's usually
> rarely a place to write most other transaction details) to make sure the
> students don't think that the two columns on the right hand side of a ledger
> page are a mistake, or one used for the transaction amounts and the other
> for a running balance, etc.
>
> I'm not a professional bookkeeper, but outside of training materials, I
> don't think I've seen the term used.
>
> On Mon, Feb 29, 2016 at 4:53 PM david.carlson.417
> <david.carlson.417 at gmail.com> wrote:
>>
>>
>>
>> First you should read the GnuCash help manuals to learn how we name
>> things.  I have  been using GnuCash for years but I never heard of a T
>> account.
>> David C
>>
>>
>> Sent via the Samsung Galaxy S® 5 ACTIVE™, an AT&T 4G LTE smartphone
>>
>> -------- Original message --------
>> From: E Rosenberg <wmcomputersystems at gmail.com>
>> Date: 2/29/2016  12:40 PM  (GMT-06:00)
>> To: gnucash-user at gnucash.org
>> Subject: Book
>>
>> Deaer List -
>>
>> I obviously need to better understand T accounts.  Would you please
>> suggest some books that handle these accounts in detail.
>>
>> Thanks,
>>
>> Ethan
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