The Difference Between the Debit and Credit Side of a T-Account

question 12

Multiple Choice

The difference between the debit and credit side of a T-account is known as the

• A)Net income.
• B)Account balance.
• C)Equality.
• D)Trial balance.

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Definitions:

Illustrates

To explain or make something clear by using examples, charts, pictures, etc., often to facilitate understanding.

Percentile

A value below which a certain percent of observations fall, used in ranking data within a data set.

Very High

A term used to describe a value or level that significantly exceeds established norms or averages.

Very Low

Describes a quantitatively small, minimal, or significantly below average level or amount.