To report your child's income on your return, simply follow these instructions and we'll apply the Kiddie Tax calculations. Related Information: What is the Kiddie Tax?
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.
It only means the balance of the accounting period to be concluded. The debit or credit value depends on the side of the account where the balance is found. b/d: Balance brought down may be the balance carried forward from a previous year or mostly the opening balance of the account.