MCQOPTIONS
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| 1. |
An account is said to have a debit balance if — |
| A. | The amount of the debits exceeds the amount of the credits |
| B. | There are more entries on the debit side than on the credit side |
| C. | Its normal balance is debit without regard to the amounts or number of entries on the debit side ; |
| D. | The last entry of the accounting period was posted on the debit side |
| Answer» B. There are more entries on the debit side than on the credit side | |