The debit part of the transaction is recorded second in a journal entry.

Debit Part

The left side of an accounting entry, which increases assets and expenses and decreases liabilities and equity.

Journal Entry

A recording of a business transaction in an accounting journal, indicating the financial effects of the transaction.

Gain an understanding of the core concepts of journal entries, specifically compound entries and the operation of the debit and credit system.

Verified Answer

Final Answer :

False

Explanation :

In a journal entry, the debit part of the transaction is recorded first, followed by the credit part.

Learning Objectives

Gain an understanding of the core concepts of journal entries, specifically compound entries and the operation of the debit and credit system.