An Account Is Said to Have a Debit Balance If

question 59

Multiple Choice

An account is said to have a debit balance if

• A) the amount of the debits exceeds the amount of the credits
• B) there are more entries on the debit side than on the credit side
• C) there are more entries on the credit side than on the debit side
• D) the first entry of the accounting period was posted on the debit side

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