Question

knowledge check 01
in a journal entry, there are two amount columns: the left - hand column is for debits, and the right - hand column is for credits.
true or false
true
false

Explanation:

In accounting journal - entries, it is standard practice to have two amount columns where the left - hand column records debits and the right - hand column records credits. This is a fundamental concept in double - entry bookkeeping.

Answer:

True