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Hi there, I have problem working with T accounts should I learn by heart what item stays where by heart, for example for income tax account
Hi,
Fundamentally I’d look to use double entry debits and credits as this then allows you a more thorough understanding of how entries are accounted for. You can just learn by heart where things go but this an lead to mistakes if things change up slightly in a question.
What is it that you do not understand about T-accounts?
Thanks
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