1. Identify the three categories of the accounting equation, and list at least four accounts associated with each category purpose of the chart of accounts? Explain the numbering typically associated with the accounts hat does a ledger show? Whats the difference between a ledger and the chart of accounts? 3. W nting uses a double-entry system. Explain what this sentence means t is a Taccount? On which side is the debit? On which side is the credit? Where does the account name go on a T-account? 6. When are debits increases? When are debits decreases? 7. When are credits increases? When are credits decreases? 8. Identify which types of accounts have a normal dbit balance and which types of accounts have a normal credit balance