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.
Provided by Tutoring Services 2 When to Debit and Credit in Accounting. Generally speaking, accounts that are categorized as assets on the left side of the accounting equation. are debited to increase their value, while accounts on the right side of the equation, which are.