A debit credit T account is a type of financial record used to track accounting and business transactions. It’s an easy-to-understand bookkeeping system that any business can use. The basic concept is to give each transaction two entries: one on the left side, known as the “debit” side, and one on the right side, known as the “credit” side. By recording both sides of the transaction, you create an accurate financial record that reflects the true flow of funds. Debit credit T accounts help businesses maintain accurate financial records and make better decisions about their money.