Use the T accounts to analyze transactions. Each account has a title. The left side of the account is the debit side. The right side is the credit side of each account.
Balance is the difference between the footings.
The balance is written on the side of the account with the larger footing. Means to enter an amount on the left side of the account. Credit means to enter an amount on the right side of the account. Asset Accounts-Are on the left side of the accounting equation, and their normal balance is a debit. If you debit an asset account you are increasing the account.