Question

10. The difference between the two sides of
an account is known as *
​

Answer 1

Answer:

balance

Explanation:

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Answer 2

The difference between the two sides of an account is known as balance.

• The recorded transactions after being tranferred to the ledger accounts from journal have two sides.
• The two sides of the account are debit side and credit side.
• Usually, the left side of the account is the debit side and the right side is the credit side.
• The difference between the debit side and the credit side is known as balance or account balance.

Therefore, the difference between the two sides of an account is known as balance

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