07-13-2006, 02:05 AM
Hi everyone, I am new at this forum.
The question I want to ask is does balance sheet has a debit and credit side. I know that balance sheet is not a ledger. What I have come across, ppl often call the asset side of balance sheet as debit side and liability side as credit side, even when liabilities are normally on the right side.
The question I want to ask is does balance sheet has a debit and credit side. I know that balance sheet is not a ledger. What I have come across, ppl often call the asset side of balance sheet as debit side and liability side as credit side, even when liabilities are normally on the right side.
