A

Admin • 833.24K Points
Coach

Q. The term 'credit balance' means:

  • (A) Total of debit side is greater
  • (B) Total of credit side is greater
  • (C) Both sides are equal
  • (D) Account is closed
  • Correct Answer - Option(B)
  • Views: 15
  • Filed under category Accounting
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Explanation by: Admin

Credit balance means credit side total exceeds debit side total.

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