Which of the following is usually in the 'T' format and contains two sides?

Journal

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Account

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Ledger

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Subsidiary books

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Solution

The correct option is B Account
An account is a record or statement of financial expenditure and receipts relating to a particular period or purpose. It consists of two sides. Right hand side is known as debit side which records all the payments and expenses whereas left hand side records all income recieved. It is in the form of 'T'.

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