An account will have a credit balance if the total debit amounts exceed the total credit amounts.
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Q1: Assets and liabilities are both decreased by
Q2: The owner's capital account is increased by
Q4: The ledger is also known as the
Q5: The basic steps in the recording process
Q6: The posting phase of the recording process
Q7: Assets = Liabilities + Owner's Capital -
Q8: Owner's equity is increased by owner's investments
Q9: When the columns of the trial balance
Q10: Debits should be listed before credits in
Q11: The right side of an account is
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