Question

The left hand side of Ledger Account is called “Debit Side” and the right hand side of it is called “Credit Side” which are divided by two closely vertical parallel line.

Options

• True

• False

Answer 1

True

Explanation:

In a ledger account, the left-hand side is known as the debit side, and the right-hand side is called the credit side. These two sides are separated by two closely drawn vertical parallel lines, forming the standard “T-account” format used in accounting.