Match the items by choosing the appropriate code letter :
-Right side of an account.
A) Account
B) Debit
C) Credit
D) Revenue account
E) Ledger
F) Journal
G) Posting
H) Chart of accounts
I) Trial balance
J) Source document

Question

Quizplus · Accepted Answer

The right side of an account is referred to as the credit side. This is a fundamental concept in accounting, where each account has two sides: the left side (debit) and the right side (credit). Transactions are recorded on these sides based on the nature of the transaction and its impact on the account.

Match the Items by Choosing the Appropriate Code Letter