Question: Please answer with reason for all why the option is correct and why the other options are incorrect 65. In an account, when credit side

Please answer with reason for all why the option is correct and why the other options are incorrect 65. In an account, when credit side total < debit side total, then, the balance is known as A.Negative balance B.Debit balance c.Positive balance D.Credit balance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!