An Account Will Have a Credit Balance If the

question 172

Multiple Choice

An account will have a credit balance if the

• A) credits exceed the debits.
• B) first transaction entered was a credit.
• C) debits exceed the credits.
• D) last transaction entered was a credit.

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Definitions:

Broad Categories

General classifications used to group items, ideas, or concepts based on shared characteristics or attributes.

Cyber Crime

A crime that occurs online, in the virtual community of the Internet, as opposed to the physical world.

Mail Fraud Act

Legislation criminalizing the use of the postal service to commit fraudulent acts.

White-Collar Criminals

Individuals who commit crimes through non-violent means, typically involving fraud, embezzlement, or other forms of financial misconduct, often within their occupation.