Practice mode Ledger

If the debit side of an account exceeds the credit side, what is the account’s balance?

Correct answer A. Debit balance

Explanation

An account's balance takes the name of the larger side, so when total debits exceed total credits the account has a debit balance.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.