BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The account format that displays debits credits balances and headings is called T-account. Therefore, the correct answer is option (c) Q.

Detailed explanation-2: -The visual appearance of the ledger journal of individual accounts resembles a T-shape, hence why a ledger account is also called a T-account. A T-account is the graphical representation of a general ledger that records a business’ transactions.

Detailed explanation-3: -In the ledger, each account is represented by its own “T, ” with debits appearing on the left side of the vertical bar, and credits on the right.

Detailed explanation-4: -T-accounts are visual representations of debits and credits used to support double-entry accounting. They depict how a single transaction always affects two accounts, creating a debit in one and a credit in another. T-accounts are visual representations of debits and credits used to support double-entry accounting.

Detailed explanation-5: -Format of Accounts A simple account has three parts. First, the account title or account name. Second, the left side column for the debit side and third is the right side of the column for the credit side. The most common way to format or display the accounts is through T-accounts.