• T-account is an informal term for a set of financial records that use double entry bookkeeping.

  • It’s called a T-score because the accounting entries are arranged in a T-shaped form.
  • The account name is displayed just above the letter T. Below it, debits are listed on the left and credits are listed on the right, separated by a line.
  • The T-score tells accountants what to enter in the ledger to get a corrective balance so that income equals expenses.