The debit side of an account
A) depends on whether the account is an asset, liability, or stockholders' equity
B) can be either side of the account depending on how the accountant set up the system
C) is the right side of the account
D) is the left side of the account

Question

Quizplus · Accepted Answer

The left side of an account is always the debit side. This is a basic rule of accounting known as the accounting equation. Assets are listed on the debit side, while liabilities and equity are listed on the credit side. Therefore, choice D is correct.

The Debit Side of an Account