In the language of accounting, the left side of an account is called the debit side, and

Question:

In the language of accounting, the left side of an account is called the debit side, and the right side is called the credit side. Thus, instead of saying that increases in cash are recorded on the left side of the Cash account and decreases are recorded on the right side, accountants say that increases are recorded on the d side and decreases are recorded on the c side.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

Question Posted: