The amount entered on the left side of an account

This requires a debit and a credit for each transaction

This is always on the increase side of an account

An amount entered on the right side of an account

An "official" list of all the accounts used by a business to record its transactions.

The normal balance for asset accounts

The normal balance for the owner's capital account

An increase in a liability account is recorded as a

A decrease in an asset account is recorded as a

A decrease in the owner's capital account is recorded as a

The normal balance for Accounts Receivable

The normal balance for Accounts Payable

An increase to Office Furniture

An increase to Susan Dixon, Capital

A decrease to Accounts Payable

The top of the T account is used for account titles. Credits are entered on the left side of the T; debits, on the right.

Debit and credit rules for accounts on one side of the accounting equation are mirror images of those on the other side.

A credit to an account always increases it; a debit to an account always decreases it.

An asset account appears on the right side of the accounting equation and is also increased on the right side of its T account.

The payment of a liability is recorded by a debit to the liability account and a credit to the owner's capital account.

Every transaction affects two or more accounts and is recorded by equal amounts of debits and credits.

A business groups its accounts in a ledger.

A business transaction can affect two accounts on the same side of the accounting equation and still leave the equation in balance.

A chart of accounts is limited to 50 accounts.

The difference between the debit and credit amounts in an account is the account balance.