Which side represents debit ?

Left side

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Right side

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Side having shorter total

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Side having larger total

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Solution

The correct option is A Left side
Accounting is based on a unique concept i.e double entry system which means for every transaction there will be a debit and credit too. While preparing the financial statement, debits are shown in the left side and credits are shown on the right side.

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If the total of the debit side exceeds the total of credit side, then this would be represented by a ______ balance.

If the total of the Credit side exceeds the total of debit side, then this would be represented by a ………. Balance

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