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Debit Credit T Chart

oboloo Glossary

Debit Credit T Chart

A Debit Credit T Chart is a tool used in business to help keep track of money coming in and out. It provides a simple visual representation of two sides of an equation: debit (money spent) and credit (money earned). The “T” shape of the chart helps to show how the two sides are connected. This type of chart is used to document the financial health of a company, as well as to provide transparency and accountability for financial decisions made. With the use of a Debit Credit T Chart, businesses can easily access and understand their financial performance.

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