Answered: The left side of an account is used to…

The left side of an account is used to record which of the following? Debit or credit, depending on the type of account Increases Credits Debits

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section5.3: Dishonored Checks And Electronic Banking

Problem 3AYU

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

The left side of an account is used to record which of the following?

Debit or credit, depending on the type of account
Increases
Credits
Debits

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