Accounting MascotAccounting Q&A

What is a T fund?
submitted by Tim

Arnold

Fund? Is that a "T Account"? A "T account" is a quick way for an accountant to track debits and credits to a single account, being able to calculate the balance.

michael

Fund Accounting is a method of segregating resources into categories, (i.e. funds) to identify both the source of funds and the use of funds

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