Dot: Kate, I$\text{'}$m taking a course in night school, "Intro Accounting." I was wondering$-$could you answer a couple of questions

for me$?$

Kate: Well, I will if I can.

Dot: Okay, our instructor says that it's critical we understand the basic concepts of accounting, or we'll never get beyond the

first test. My problem is with those rules of debit and credit $...$ you know, assets increase with debits, decrease with credits, etc.

Kate: Yes, pretty basic stuff. You just have to memorize the rules. It shouldn't be too difficult.

Dot: Sure, I can memorize the rules, but my problem is I want to be sure I understand the basic concepts behind the rules. For

example, why can't assets be increased with credits and decreased with debits like revenue? As long as everyone did it that way,

why not? It would seem easier if we had the same rules for all increases and decreases in accounts. Also, why is the left side of

an account called the debit side? Why couldn't it be called something simple $...$ like the $"$LE$"$ for Left Entry? The right side could

be called just $"$RE$"$ for Right Entry. Finally, why are there just two sides to an entry? Why can't there be three or four cidects in