Final answer:
In accounting, when transactions are recorded in at least two separate accounts that are equal and offsetting, it is referred to as a T-account.
Step-by-step explanation:
When transactions are recorded in at least two separate accounts that are equal and offsetting, this is referred to as a T-account in accounting. A T-account is a balance sheet with a two-column format, with the T-shape formed by the vertical line down the middle and the horizontal line under the column headings for 'Assets' and 'Liabilities'. The left side of the T-account represents the debit side, which records increases in assets and decreases in liabilities and equity. The right side of the T-account represents the credit side, which records decreases in assets and increases in liabilities and equity.