T Accounts - account are usually greater than the decreases...

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T Accounts The simplest account structure is shaped like the letter  T . The account title and account number  appear above the T. Debits (abbreviated Dr.) always go on the left side of the T, and credits  (abbreviated Cr.) always go on the right.  Accountants record increases in asset, expense, and owner's drawing accounts on the debit side,  and they record increases in liability, revenue, and owner's capital accounts on the credit side. An  account's assigned  normal balance  is on the side where increases go because the increases in any 
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Unformatted text preview: account are usually greater than the decreases. Therefore, asset, expense, and owner's drawing accounts normally have debit balances. Liability, revenue, and owner's capital accounts normally have credit balances. To determine the correct entry, identify the accounts affected by a transaction, which category each account falls into, and whether the transaction increases or decreases the account's balance. You may find the following chart helpful as a reference....
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