With respect to the balancing of an account, which one of these statements is FALSE?
A) If the total on the credit side was the larger, the balance is a credit.
B) Dollar signs are always used to designate a balance amount.
C) Footings of each side of the account are needed to determine the balance.
D) If the total on the debit side was the larger, the balance is a debit.

Question

Quizplus · Accepted Answer

Dollar signs are not always used to designate a balance amount. The type of balance (debit or credit) is indicated by the letters "Dr" or "Cr" next to the balance amount.

With Respect to the Balancing of an Account, Which One