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.
Meeting of the Creditors. The meeting of the creditors, or 341 meeting, typically occurs about six to eight weeks after you submit your repayment plan to the bankruptcy court. The meeting of the creditors is informal in nature and typically held in the bankruptcy trusteeâs office.