An Account Will Have a Debit Balance If

question 183

Multiple Choice

An account will have a debit balance if:

• A)the amount of the credits exceeds the amount of the debits.
• B)the amount of the debits exceeds the amount of the credits.
• C)the account has more debit entries than credit entries.
• D)it is a liability account.

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Definitions:

Obtained T Value

The achieved result of a t-test calculation, indicating the difference between groups measured in units of standard error.

Critical Value

The threshold value that a test statistic must exceed in order for the null hypothesis to be rejected in statistical hypothesis testing.

Null Hypothesis

A statement used in statistics that proposes there is no significant effect or difference present between specified populations or factors.

Test Statistic

A numerical value calculated from a statistical test's data, used to determine whether to reject the null hypothesis.