BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The left side of the Account is always the debit side and the right side is always the credit side, no matter what the account is. For different accounts, debits and credits can mean either an increase or a decrease, but in a T Account, the debit is always on the left side and credit on the right side, by convention.

Detailed explanation-2: -T-Account Recording For different accounts, debits and credits may translate to increases or decreases, but the debit side must always lie to the left of the T outline and the credit entries must be recorded on the right side.

Detailed explanation-3: -The left side of the T is always used to record the debit transactions while the right side records the credit transactions. The debits and credits are separated by the vertical line of the T. This makes it visually easier to track the debits and credits or in other words the additions and subtractions to each account.

Detailed explanation-4: -When using T-accounts, a debit is the left side of the chart while a credit is the right side. Debits and credits are utilized in the trial balance and adjusted trial balance to ensure that all entries balance. The total dollar amount of all debits must equal the total dollar amount of all credits.

Detailed explanation-5: -In accounting terms, assets are recorded on the left side (debit) of asset accounts, because they are typically shown on the left side of the accounting equation (A=L+SE).