An Account Is Said to Have a Debit Balance If

question 74

Multiple Choice

An account is said to have a debit balance if:

• A) the footing of the debits exceeds the footing of the credits.
• B) there are more entries on the debit side than on the credit side.
• C) its normal balance is debit without regard to the amounts or number of entries on the debit side.
• D) the last entry of the accounting period was posted on the debit side.

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Definitions:

Abolitionists

Individuals who advocated for the immediate end of slavery and the emancipation of slaves in the 18th and 19th centuries.

Abraham Lincoln

The 16th President of the United States, remembered for leading the country during the Civil War and issuing the Emancipation Proclamation, which began the process of freedom for America's slaves.

Slaves Freed

The act of emancipating or the state of being emancipated from slavery; particularly refers to historical events such as the Emancipation Proclamation or the end of the Civil War in the United States.

Seneca Falls Convention

The first women's rights convention, held in 1848 in Seneca Falls, New York, marking the beginning of the organized women's suffrage movement in the United States.