The balance of an account is determined by
A) adding all of the debits to all of the credits
B) always subtracting the debits from the credits
C) always subtracting the credits from the debits
D) adding all of the debits, adding all of the credits, and then subtracting the smaller sum from the larger sum

Question

Quizplus · Accepted Answer

The correct way to determine the balance of an account is by adding all of the debits and adding all of the credits, then subtracting the smaller sum from the larger. This difference will give the balance of the account.

The Balance of an Account Is Determined by