BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Debits always appear on the left side of an accounting ledger. Debits increase asset and expense accounts and decrease liability, equity, and revenue accounts.

Detailed explanation-2: -Left hand side of an account is called as debit side and right hand side is known as credit side.

Detailed explanation-3: -A debit (DR) is an entry made on the left side of an account. It either increases an asset or expense account or decreases equity, liability, or revenue accounts (you’ll learn more about these accounts later). For example, you debit the purchase of a new computer by entering it on the left side of your asset account.

Detailed explanation-4: -The debit side of an account is the left-hand side. This is the first item on the debit side of the account, that is discharged, or reduced, by the first item on the credit side. An account is said to have a debit balance if the total of the debit side is greater than that of the credit side.