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In double-entry accounting, what kinds of transactions are recorded in the right credits column?

User Truf
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2 Answers

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there two columns in each account, with debit entries on the left and credit entries on the right.

User Avichalp
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Answer:

The correct answers is the obligations and debts.

Step-by-step explanation:

The types of transactions that are recorded in the right credit column are basicaly the obligations and debts in which the company is invole with. Moreover, that is what the credit means, the amount of money in terms of obligations and debts that the firm is obligated to pay back to the other party. Furthermore, when assets loss value the notification goes on the credit column, and when liability increases its value the notification goes on the credit column too as well. In the cases the assets increase value then the notification goes to the debit column as well as when the liability losses value.

User Dperish
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