Which of the following is known as the graphic representation of a general ledger account.Question 1Answera.Journalb.Trial balancec.T-accountd.Income statement

Break Down the Problem

1. Identify the components of the question: the term we are trying to define relates to accounting terminology.
2. Highlight the possible answers provided: a) Journal, b) Trial balance, c) T-account, d) Income statement.

Relevant Concepts

3. Understand what each term represents in the context of accounting:
   • Journal: A record where all financial transactions are initially recorded.
   • Trial Balance: A statement that ensures that the total debit balances equal the total credit balances.
   • T-account: A simplified version of a general ledger account represented in a 'T' shape to display debits on one side and credits on the other.
   • Income Statement: A financial statement summarizing revenues and expenses over a specific period.

Analysis and Detail

4. Evaluate which option best fits the description: "graphic representation of a general ledger account." The T-account visually represents the debits and credits of a specific account and is a fundamental tool in accounting for illustrating changes in balances.

Verify and Summarize

5. The T-account allows for a clear visualization of how transactions affect a particular account, making it easier to understand the flow of funds in accounting.

Final Answer

The correct answer is c. T-account.