In a T account, where are assets recorded?

In a T account, assets are recorded on the left side. This format is used to illustrate how transactions affect the various accounts within a double-entry accounting system. The left side of the T account represents debits, while the right side represents credits.

Assets increase with debits and decrease with credits, aligning with the accounting equation where assets, liabilities, and equity are balanced. Therefore, when an asset account experiences an increase due to a transaction, it is recorded on the left side of the T account, reflecting a debit entry.

Understanding this placement is crucial in financial accounting as it forms the foundation for recording and analyzing all types of transactions, ensuring that the financial statements accurately represent a company's financial position.