An account will have a credit balance if the
A) credits exceed the debits.
B) first transaction entered was a credit.
C) debits exceed the credits.
D) last transaction entered was a credit.
Correct Answer:
Verified
Q47: In recording an accounting transaction in a
Q48: Which of the following is not true
Q49: An account consists of
A) a title a
Q50: An accountant has debited an asset account
Q51: Credits
A) decrease both assets and liabilities.
B) decrease
Q53: The best interpretation of the word credit
Q54: An accountant has debited an asset account
Q55: A T-account is
A) a way of depicting
Q56: A debit is not the normal balance
Q57: A credit is not the normal balance
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