Accounting is often said to be the language of business. As with all languages fluency comes with practice and once mastered that person will be able to survey the transactions and gain an insight into both how that business has operated and how it may operate in the future. An “Account”, meaning a “history of” is opened for anything that you want to record. A typical page is created with the name of the account at the top and in the centre (underlined) and the page divided into two halves (line separator) – one representing the debit (left hand side) and the other representing the credit (right hand side). The lines drawn represent a “T” – hence where the term “T Accounts” comes from. All accounts are part of the double entry system.