Question

how to journalise debit balance and credit balance .


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Answer 1

Answer:

Balancing a general ledger involves subtracting the total debits from the total credits.

All debit accounts are meant to be entered on the left side of a ledger while the credits on the right side.

For a general ledger to be balanced, credits and debits must be equal.

Debits increase asset, expense, and dividend accounts, while credites are increased

Answer 2

Answer:

For a general ledger to be balanced, credits and debits must be equal. Debits increase asset, expense, and dividend accounts, while credits decrease them. Credits increase liability, revenue, and equity accounts, while debits decrease them