In an account if debit side credit side, the balance is known as the:
A)Negative Balance .
B)Debit balance .
C)Positive Balance .
D)Credit balance

Name: In an account if debit side > credit side, the balance is known as the: A)Negative Balance . B)Debit balance . C)Positive Balance . D)Credit balance
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Question

In an account if debit side > credit side, the balance is known as the:
A)Negative Balance .
B)Debit balance .
C)Positive Balance .
D)Credit balance

Quizplus · Accepted Answer

When the debit side of an account is greater than the credit side, it is referred to as a debit balance. This indicates that the total debits exceed the total credits in the account.

In an Account If Debit Side > Credit Side, the Balance