What Is the Term Used to Describe the Right Side

question 34

Multiple Choice

What is the term used to describe the right side of a T-account?

• A)Credit Side
• B)Claims Side
• C)Debit Side
• D)Equity Side

---

Definitions:

Earned-Income Activities

Activities or endeavors that generate revenue from work performed or services provided.

Revenue Generation

The process of earning income from business activities, often involving sales of goods or services, strategic partnerships, and other financial activities.

Microloans

Small loans typically offered to individuals or small businesses in underserved communities or developing countries to foster entrepreneurship.

Short-Term Loans

Loans that are meant to be repaid in a short period of time, typically less than a year, used to address immediate financial needs.