The left side of any account is always called the debit side and the right side of any account is always called the credit.

We must

determine the type of account before associating plus or minus.T accounts

help us to visualize increases and decreases for an account. Review the T

accounts presented in Chapter 2. How would you describe the left and right side

of each type of Balance Sheet Account? How would you describe the left and

right side of each type of Income Statement Account?

describe how to calculate an account

balance.Can you describe this process for the Cash account?How does

this process different for a Liability or Owner's Equity Account?