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.

Question

Quizplus · Accepted Answer

Credits exceeding debits in an account results in a credit balance. This is a fundamental principle of double-entry bookkeeping, where the balance of an account is determined by the difference between the total credits and total debits posted to that account.

An Account Will Have a Credit Balance If the