The debit side of an account
A) depends on whether the account is an asset, liability, or owner's 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

In accounting, the left side of an account is known as the debit side. This is where transactions that increase assets or decrease liabilities and owner's equity are recorded. Therefore, option D is the correct answer.

The Debit Side of an Account