Why do banks use a T-account?
A. if a bank has become bankrupt, net worth will be shown as a zero on the balance sheet
B. the T-account separates the liabilities on the left from assets on the right
C. the T-account separates assets on the left from liabilities on the right
D. the T-account ensures the final entry made under the assets column is bank reserves
Answer:C
Why do banks use a T-account?
A. if a bank has become bankrupt, net worth will be shown as a zero on the balance sheet B. the T-account separates the liabilities on the left from assets on the right C. the T-account separates assets on the left from liabilities on the right D. the T-account ensures the final entry made under the assets column is bank reserves
Explanation: Type: Multiple Choice