The left side of a standard ledger account is called which?

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Multiple Choice

The left side of a standard ledger account is called which?

Explanation:
In double-entry bookkeeping, the left-hand column of a ledger is the debit side. Every entry has a debit on the left and a credit on the right. Debits typically increase asset and expense accounts and decrease liability, equity, and revenue accounts, while credits do the opposite. So the left side being the debit side is the correct identification.

In double-entry bookkeeping, the left-hand column of a ledger is the debit side. Every entry has a debit on the left and a credit on the right. Debits typically increase asset and expense accounts and decrease liability, equity, and revenue accounts, while credits do the opposite. So the left side being the debit side is the correct identification.

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