common accounting form in the shape of the capital letter T. It has the following components: (1) a title describing the particular financial statement item (e.g., sales revenue), (2) a left side referred to as a debit , and (3) a right side called a credit . There is a separate T-account for each item in the ledger. A T-account looks as follows:

in accounting, using two perpendicular lines that look like the capital letter T to represent an account of any title. The account name is put above the horizontal line, debits are on the left side below the line and credits on the right.