An account is said to have a debit balance if ? Please full explain the explanation. 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
An account is said to have a debit balance if ? Please full explain the explanation. 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An account is said to have a debit balance if ? Please full explain the explanation.
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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