Question

What is left hand side of account ​

Answer 1

Answer:

Good Afternoon

Hey mate here is your answer...

An account is expressed in a statement form. It has two sides. The left-hand side of an account is called a Debit side whereas right-hand side is called as Credit side. The debit is denoted as 'Dr' and credit is denoted as 'Cr'.

Hope it helps you.....

Its Shivika Tiwari.....

Answer 2

Answer:

asset account balances should be on the left side of the account............

hence, Asset account such as cash,account receivable, inventory, and equipment should have debit balance liabilities are on the right side of the accounting equation. liability account balance should be on the right side of the account