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.
In accounting debit is the left side of an account. It general terms it does not mean charge though that is what many people take it to mean since that is what it means to â¦them. It is incorrect to say that debit means charge.  A debit card takes money directly out of your bank account.