Question

What is the right hand side of an account?

Answer 1

A ledger is a book of account; 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.

Every account is divided into two sides.

The right side of an account is termed as credit side and is written as Cr.

It is often called a T-shape account, as it is in the T-shape format.