Match the terms below with the correct definitions.
-The right-hand side of a T account
A)Trial balance
B)Normal balance
C)Trial balance error
D)Transposition
E)Credit
F)Trial balance account order
G)Footing
H)Debit
I)Compound entry

Question

Quizplus · Accepted Answer

The right-hand side of a T account is known as the credit side, which is used to record increases in liability, equity, and revenue accounts, and decreases in asset and expense accounts.

Match the Terms Below with the Correct Definitions