Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Recording of Transactions - I

Question:

How many sides does an account have while preparing it?

Options:

1

2

3

4

Correct Answer:

2

Explanation:

The correct answer is option 2- 2.

An account is divided into two sides. The left side of an account is known as debit and the right is credit. The rules of debit and credit depend on the nature of an account. Debit and Credit both represent either increase or decrease, depending on the nature of an account.