No the don't the bottom of the leaves are facing downwards there isnt as much light getting to the underneath side as there is on top as the sunlight (light in general) travels in straight lines it is impossible for the sunlight to reach the underside of the leaf directly so the underside does not photosynthesize as the direct sunlight does not hit the underside of the leaf.
so in short no the underside of the leaf does not absorb as much light as the top.
Taken from yahoo anwsers.
Side lighting is great for plants, but you only want to light up the top surface of the leaf, not the underside as this will dry them out.