- T-Accounts: Each T-account represents a specific asset, liability, or owner's equity. The debit side of the T-account represents increases in assets and expenses, while the credit side represents increases in liabilities, owner's equity, and revenues.- Listings of Accounts with Open Balances: These are the accounts that have a balance at the end of the period.- Debit and Credit Balances Equal?: The total debit balance should equal the total credit balance. If they are not equal, it indicates an error in the recording of the transactions.- Accounting Equation: This equation shows that the total assets of a company are equal to the sum of its liabilities and owner's equity.