The process of balancing of an account involves equalization of both sides of the account. If...
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The process of balancing of an account involves equalization of both sides of the account. If the debt side of an account exceeds the credit side, the difference is put on the credit side. The said balance is - (i) A debit balance (ii) A credit balance (iii) An expenditure or an asset (iv) An income or a liability Select the correct answer from the options given below- Only (ii) above A B с D Only (iv) above Both (i) and (iii) above Both (ii) and (iii) above The process of balancing of an account involves equalization of both sides of the account. If the debt side of an account exceeds the credit side, the difference is put on the credit side. The said balance is - (i) A debit balance (ii) A credit balance (iii) An expenditure or an asset (iv) An income or a liability Select the correct answer from the options given below- Only (ii) above A B с D Only (iv) above Both (i) and (iii) above Both (ii) and (iii) above
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Related Book For
Probability and Statistical Inference
ISBN: 978-0321923271
9th edition
Authors: Robert V. Hogg, Elliot Tanis, Dale Zimmerman
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