Question

7 of 32 | Multiple Choice &An account is having debit balance is established when

1 The last entry of the accounting period was posted on the debit side
2 The amount of debit exceeds the amount of the credits
3. There are more entries on the debit side than on the credit side
4 None of above​

Answer 1

Answer:

The correct option is

2. The ammount of debit exceeds the amount of the credits.