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Do you want to know what T-accounts are and what you need them for? Then you've come to the right place because we'll explain that to you in the next 5 minutes. T-accounts make it easy to illustrate bookings. The name comes from the fact that, with a little imagination, they look like the letter T. On the left side is the debit, on the right side the credit. You can then calculate very easily with these accounts. Remember: All increases go on one side, all decreases on the other. Many more videos for your studies can be found at https://studyflix.de . At https://studyflix.de/wirtschaftswisse... you will find the following videos on the topic of external accounting: Basics of accounting Introduction to bookings Types of balance sheet changes Sales tax Cash discount Depreciation And many more ... You can find more information on Facebook: / studyflix ---------------------------------------------------------------------------------------------------------- About us: We are a young, fast-growing e-learning platform that provides free learning videos for you as a student. A new video is added every day. From business to technology to general topics - everything is included. We are convinced that learning doesn't have to be boring or expensive! That's why we offer high-quality, animated learning videos that make learning fun - and all completely free of charge for the entire duration of your studies!