An account is such an arrangement of increase and decrease figures of an item of loss, of gain, or of property, or of a debt, as will show at any time the balance thereof. Each account has two sides, a left or debit side, and a right or credit side. The following are illustrations of "cash" and "liberty bonds" accounts:

Cash

Debit

Credit

$400

$200

Liberty Bonds

Debit

Credit

$6,000

$3,000