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⏰ T-Accounts: a 2 Minute Tutorial ⏰ In this video, I'll attempt to explain T-Accounts in less than two minutes! A T-Account is a simple visual tool used in accounting to track transactions in individual accounts. It gets its name from its “T” shape—debits go on the left and credits go on the right. T-Accounts help us visualise the flow of transactions. Each account has a “normal” side where its balance typically sits. Using the DEALER acronym (Dividends, Expenses, Assets, Liabilities, Equity & R
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