Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 3 - The Accounting Information System - Questions - Page 137: 16

Answer

(a) Debit should be written first (b) Only credit is indented and is listed last.

Work Step by Step

Debit is Latin for Left. Debits are listed on the left side which is convenient in English conventions. Credits are listed on the left side which is written later in the English writing convention.
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