T Accounts for Dummies
T-Accounts & Credit Debit
The final product of an accounting system are financial reports. The standard system to help us understand the business transactions are defined through a T Account. Accounting system consists of various elements like debits/credits, double-entry accounting, and chart of accounts.
The full explanation of these terms are included in a PDF file called T Accounts for Dummies. It also covers other basic accounting topics and resources.
Page 104 of Fundamental Accounting Principles Text Book (Volume 1 by Larson Jensen) defines T-Accounts as: A simple characterization of an account form used as a helpful tool in showing the effects of transactions on specific accounts.