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T accounts are awesome! T accounts are the most useful tool in accounting. T accounts are fundamental to your understanding of accounting. T accounts are helpful in solving any accounting problem. T accounts are spectacular! OK, thats enough praise for T accounts. Lets get to work. How do you master T accounts? By taking four simple steps. Stay with me, and lets get this done! Heres a very simple definition of a T account: a T account is a visual representation of an account, to think through the journal entries you are going to make to record transactions. T accounting step one: Take a piece of paper and draw a t. No, not that one. A capital T. Now write: debits on the left, credits on the right. This is something you need to memorize. Repeat it to yourself fifty times per day, put post it notes all over your house, or even better: download the Finance Storyteller lockscreen wallpaper image for your phone, so you can repeat debits on the left, credits on the rights every sin
