The debit side of an accountA) depends on whether the account is an asset, liability, or owner's equityB) can be either side of the account depending on how the accountant set up the systemC) is the right side of the accountD) is the left side of the account

Question

The debit side of an accountA)  depends on whether the account is an asset, liability, or owner's equityB)  can be either side of the account depending on how the accountant set up the systemC)  is the right side of the accountD)  is the left side of the account

Abdullah Aladib · Accepted Answer

Final Answer : D, Explanation :  In accounting, the left side of an account is known as the debit side. This is where transactions that increase assets or decrease liabilities and owner's equity are recorded. Therefore, option D is the correct answer.

The debit side of an account

A) depends on whether the account is an asset, liability, or owner's equity
B) can be either side of the account depending on how the accountant set up the system
C) is the right side of the account
D) is the left side of the account

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