Question

Entering an amount on the left side of an account is called? How many hours are paid at the overtime rate?

A. Increasing a revenue account
B. Decreasing a liability account
C. Debiting the account
D. Crediting the account

Answer 1

Entering an amount on the left side of an account is known as debiting the account. Overtime payment hours depend on company policy and labor laws.

Step-by-step explanation:

Entering an amount on the left side of an account is called debiting the account. In double-entry bookkeeping, a debit entry signifies an increase in assets or expenses or a decrease in liabilities, equity, or revenue. The second part of the question seems not directly related to the first part; the hours paid at the overtime rate depend on the company policy and the regulations governing overtime in the relevant jurisdiction. Typically, overtime is calculated based on hours worked beyond a standard workweek, often more than 40 hours in many countries.