Regardless of the business activity recorded, the left side of an account is the debit side and the right side is the credit side.

Question

BlackTom AI · Accepted Answer

In this question, we are evaluating a fundamental principle of double-entry accounting. 
Option 1: True. The standard convention in double-entry bookkeeping is that the left side of a T-account represents debits, while the right side represents credits. This rule applies across most accounts and forms the basis of how transactions are posted. 
Option 2: False. This would assert that the left side is not the debit side or that the right side is not the credit side, which directly contradicts the established convention in traditional accounting. Such a statement would create confusion about how debits and credits are recorded. 
Why the statement is generally accurate: In a typical ledger entry, recording an increase in assets or expenses (or a decrease in liabilities, equity, or revenue) involves a debit on the left. Conversely, recording an increase in liabilities, equity, or revenue (or a decrease in assets or expenses) involves a credit on the right. This universal pairing underpins every double-entry transaction. 
Why the False option is not correct: If someone claimed the left and right sides do not correspond to debit and credit respectively, they would be ignoring the core structure of T-accounts. While there are advanced or nonstandard presentation methods in certain teaching materials, or when using specialized systems, the conventional truth remains that the left side is debit and the right side is credit. 
In summary, the statement aligns with the foundational rule of double-entry bookkeeping, and the alternative would misstate that fundamental rule.

Regardless of the business activity recorded, the left side of an account is the debit side and the right side is the credit side.

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