Chapter 2, Problem 1.1GBP

To determine

Concept introduction:

The simplest form of accounts is maintained in T like shape in this the account title and accounts name appear on T shape. Debits always go on the left side and credit always goes the right side. Therefore, assets and expenses go on debit side. Liabilities and income always come on credit side.

To indicate:

Posting of the November transaction in T shape accounts.