Asked by Gabrielle Koesel on Jul 24, 2024
Verified
The credit side is always the left side of the account.
Credit Side
The section of an account where increases in liabilities, income, and equity are recorded, as opposed to the debit side, which records increases in assets and expenses.
- Gain an understanding of the foundational concepts of debits and credits in accounting.
Verified Answer
RS
Rhyme SpitterJul 30, 2024
Final Answer :
False
Explanation :
In accounting, the credit side is always the right side of the account, while the left side is known as the debit side.
Learning Objectives
- Gain an understanding of the foundational concepts of debits and credits in accounting.