which of the following belongs on the left side of a t - account? assets debits credits

which of the following belongs on the left side of a t - account? assets debits credits

which of the following belongs on the left side of a t - account? assets debits credits

Answer

Brief Explanations:

In accounting, a T - Account has two sides. The left side is for debits and the right side is for credits. Assets can have both debit and credit entries depending on the transaction (e.g., when an asset is purchased, it is debited; when an asset is sold, it may be credited). But the question is about what belongs on the left side in general terms for the T - Account structure. By the basic structure of a T - Account, debits are on the left.

Answer:

debits