Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 16 - No. 30)
Which of the following is a characteristic of the debit side of a ledger account?
It always represents a decrease in the account.
It is the right-hand side of the account.
It is the side where money and items are coming out of the business.
It is the left-hand side of the account.
Explanation
The debit side is the left-hand side of a ledger account, used to record increases in assets, expenses, and decreases in liabilities, equity, and revenue.
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