Accountancy, asked by kunzin5123, 4 months ago

When total of debit side of an account is more than the total of it's credit side the account is said to have credit balance?true or false

Answers

Answered by niyas2392003
1

Balancing an account means ascertaining the net effect of the transaction, i.e. the difference between the debit and credit sides of the ledger account. If the debit side of an account exceeds its credit side, then it is called debit balance.

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