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.
1 That which is entered in an account as a debt; a recorded item of debt. 2  Any entry or the total shown on the debit side. 3  The left-hand side of an account on which such entries are made (opposed to credit).