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: -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.

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: -Debits and credits in double-entry accounting Additionally, the double-entry system tracks assets, expenses, liabilities, equity and revenue. Remember that debits are always recorded on the left with credits on the right.

Detailed explanation-5: -A debit records financial information on the left side of each account. A credit records financial information on the right side of an account.