Multiple choice

In a T form of accounting, the left side is called ________- and the right side is called __________.

  1. debit, credit

  2. credit, debit

  3. both are correct

  4. none of them is correct
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A Correct answer
Explanation

In a T-account format, the left side is always the debit side and the right side is always the credit side. This convention is consistent across all accounting systems. Debits record increases in assets and expenses, while credits record increases in liabilities, equity, and revenue.

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