being an exposition of the fundamental principles and procedures of accounting method suitable for students ... The Loan on Mortgage being an increase in equities is recorded on the right side of the account in accordance with the rule. Debits and Credits. Bather than use the clumsy terminology aquot; left side of the account aquot; and aquot; right side of the account aquot;, accountants use the terms debits and credits.
|Author||:||Robert Keith Yorston|