A

Admin • 802.91K Points
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Q. The debit balance of a personal account represents:

  • (A) Income
  • (B) Liability
  • (C) Receivable
  • (D) Capital
  • Correct Answer - Option(C)
  • Views: 3
  • Filed under category Accounting
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Explanation by: Admin
A debit balance in a personal account usually represents an amount receivable.

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