What is the right side of the T account called? *  Credit

What is the left side of the t account called?	 * Debit


On which side of the T account are the asset accounts increased? * d


On which side of the T account are the asset accounts decreased? * c

On which side are the liability accounts increased? * c

On which side are the liability accounts decreased? * d

OE: On which side are the expense accounts increased? * d


OE: On which side are the expense accounts decreased? * c


OE: On which side are the income accounts increased? * c


OE: On which side are the income accounts decreased? *d

What is it called when we record on the left side of the T account? * d

What is it called when we record on the right side of the T account? * c


What is the accounting equation? * A = L + OE