For T-account we have a term and definition in Accounting.

T-account (Accounting)

is the basis for journal entry in accounting. T-accounts have three basic elements. A titlea left side (debit side) and a right side (credit side). To make an entry in a t-accountput the currency (dollarpoundetc.) amount on the appropriate side (debit or credit). There are five basic types of accounts: assetsliabilitiesequityrevenue and expenses. Assetsliabilities and equity are the balance sheet accounts.

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