Which of the Following Is True About T Accounts

question 99

Multiple Choice

Which of the following is true about T accounts?

• A) The left side of a T account is called the debit side.
• B) The left side of a T account is called the credit side.
• C) The right side of a T account is called the debit side.
• D) Transactions are first recorded in T accounts and then posted to the journal.

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Definitions:

Equity Securities

Financial assets that represent shares of ownership in a corporation, such as stocks, granting holders a claim on the corporation’s profits and assets.

Capital Markets

Markets where savings and investments are channeled between suppliers who have capital and those who are in need of capital.

Money Markets

Sections of the financial market where short-term financial instruments with high liquidity are traded.

Secondary Markets

These are platforms where investors buy and sell securities from other investors, rather than from issuing companies directly.