T Accounts
In accounting, the terms — debit and credit indicate whether the transactions are to be recorded on the left-hand side or right-hand side of the account. In its simplest form, an account looks like the letter T. Because of its shape, this simple form called a T-account.
T format has a left side and a right side for recording increases and decreases in the item.
In a T account, the left side is called debit (often abbreviated as Dr.) and the right side is known as a credit (often abbreviated as Cr.).
Note-
Must read Debit and Credit Rules – https://commerceachiever.com/rules-of-debit-and-credit/
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