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

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Chapter 2, Problem 8.2GAP

To determine

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

To prepare:

The T shape account.

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