The balance of an account can be determined by adding all of the debits, adding all of the credits, and adding the amounts together.

Name: The balance of an account can be determined by adding all of the debits, adding all of the credits, and adding the amounts together.
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Question

Quizplus · Accepted Answer

The balance of an account is determined by subtracting the total credits from the total debits (or vice versa, depending on the account type), not by adding the amounts together.

The Balance of an Account Can Be Determined by Adding