Right hand side of an account is __________.

credit side

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debit side

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income side

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expenses side

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Solution

The correct option is A credit side
All the accounts identified on the basis of transactions recorded in different journals/books such as Cash Book, Purchase Book, Sales Book etc. will be opened and maintained in a separate book called Ledger. So a ledger book; in which all types of accounts relating to assets, liabilities, capital, expenses and revenues are maintained. It is a complete set of accounts of a business enterprise.
A ledger account has two sides, namely left hand and right hand side. Left hand side is called the debit side while the right hand side is called the credit side.

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Write the word, term, phrase, Which can substitute each of the following statement.

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