T-account
In accounting, t-account means the two-column sketch of one account — debits left, credits right.
- Layer
- Lexicon
- Defined in
- Lexicon
- Nearby
- 4
Not a rule
Bookkeeping convention — not codified. US GAAP governs recognition, measurement and presentation — not the mechanics a bookkeeper uses to get there. Anyone citing a standard for this word is citing the wrong thing.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
The lessons that teach this
Accounting, 0 to 1 — a free course taught end to end on one month of one company, with the spreadsheet exercises to work it yourself.
- 04Debits and creditsDebit means left and credit means right. Not good and bad, not plus and minus. Stop translating them into signs and everything else gets easier.8 min
- 06Posting to the ledgerThe journal is in date order; the ledger is in account order. Posting is the re-sort, and it is what turns a list of events into a balance you can report.8 min
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- ledger card
Nearby in the catalog
No component names this concept outright. These are the ones in its part of the system, which is a weaker claim — but a component nothing links to is a component nobody finds.
Terms this one depends on
Also in Foundations
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.