DEBIT 1 



ILLUSTRATION 5 



LEDGER ACCOUNTS WITH PROPRIETOR'S CAPITAL, 

 PROPERTY AND LIABILITIES 



Mr. Arnold's Capital CREDIT I 



1 The words "debit" and "credit" are placed on the left and right sides of the 

 account, respectively, for illustrative purposes. In practice they are seldom written 

 at the head of an account in this way. 



20 



