Which of the following is true regarding 'Credit Balance' in ledger account? O a. All options are correct O b. Debit total equal to credit total O C. Excess of debit total over credit total O d. Excess of credit total over debit total

Which of the following is true regarding 'Credit Balance' in ledger account? O a. All options are correct O b. Debit total equal to credit total O C. Excess of debit total over credit total O d. Excess of credit total over debit total

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Description: Which of the following is true regarding 'Credit Balance' in ledger account?a. All options are correctO b. Debit total equal to credit totalO C. Excess of debit total over credit totalO d. Excess of credit total over debit total

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter2: Analyzing Transactions

Section: Chapter Questions

Problem 4E: Rules of debit and credit The following table summarizes the rules of debit and credit. For each of...

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