The difference between the total debits and total credits of an account is called a:
A)trial balance.
B)sub-total.
C)ruling.
D)balance.

Question

Quizplus · Accepted Answer

The difference between total debits and total credits of an account is called the balance. The balance can be either a debit balance (if total debits are greater than credits) or a credit balance (if total credits are greater than debits). The other options given (trial balance, sub-total, ruling) do not accurately describe the difference between total debits and credits.

The Difference Between the Total Debits and Total Credits of an Account