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.
These accounts increase on the side and decrease on the side.5. The owner's capital account normally has a balance. This account increases on the side and decreases on theside. The left side of a T-account is known as the:A.