T accounts

The values of all things owned (assets) are on the accounting equation's 

• left side

• right side

• credit side

• none of these

The values of all equities or claims against the assets (liabilities and owner's equity) are on the accounting equation's

• left side

• right side

• debit side

• none of these

An amount recorded on the left side of a T account is a 

• debit

• credit

• normal balance

• none of these

An amount recorded on the right side of a T account is a 

• debit

• credit

• normal balance

• none of these

The normal balance side of any asset account is the

• debit

• credit

• right

• none of these

The normal balance side of any liability account is the 

• debit side

• credit side

• left side

• none of these

The normal balance side of an owner's capital account is the

• debit side

• credit side

• left side

• none of these

Debits must equal credits

• in a T account

• on the equation's left side

• on the equation's right side

• for each transaction

Decreases in an asset account are shown on a T account's 

• debit side

• credit side

• left side

• none of these

Increases in an asset account are shown on a T account's

• debit side

• credit side

• right side

• none of these