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Credit Left Debit Right

oboloo Glossary

Credit Left Debit Right

Credit Left Debit Right (CLDR) is an accounting rule of thumb that helps businesses keep their finances in order. In any business transaction, the left side of a ledger or journal entry must be credited and the right side must be debited – always. This ensures that the books stay balanced and all financial information is accurately captured. CLDR is a simple yet powerful tool for ensuring financial accuracy, allowing businesses to stay organized and successful.

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