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The left side of an account is known as and the...

This question belongs to Commerce Accounting
Accounting
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The left side of an account is known as ___ and the right side as ____

Answer & Solution
Correct Answer: Option A
The left side of an account is known as Debit and the right side as Credit. Asset accounts such as Cash, Accounts Receivable, Inventory, and Equipment should have debit balances. Liabilities are on the right side of the accounting equation.
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1 Comment
Tahir Saifullah
Tahir Saifullah 7 years ago
Fixed Assets + Working Capital =??
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