You should be aware that All Accounts: 1  Can Be Debited and Credited. 2  Have an Increase Side and a Decrease Side. 3  Have a Debit Side and a Credit Side.  Have a Normal Balance Amount that is normally a Debit Balance or a Credit 1  Balance. Have a Type and are classified as an Asset, Liability, Equity, Revenue, Expense, or Draw.
1 AA meetings always last one hour, and no longer. 2  You should turn off your cell phone and shut off any other distractions for the duration of the meeting. 3  You may be asked to leave if you disrupt the meeting with cross talk (or talking over others), cell phones, or any other inappropriate behavior.
Timing and Location of the Meeting of Creditors. In a Chapter 7 case, the 341 meeting will be set for at least 21 days but no more than 40 days after the day you file your case. The hearing will be in a meeting room, often in a federal building, but not usually in a courtroom.