An account is said to have a debit balance if
A) the amount of the debits exceeds the amount of the credits
B) there are more entries on the debit side than on the credit side
C) there are more entries on the credit side than on the debit side
D) the first entry of the accounting period was posted on the debit side

Question

Quizplus · Accepted Answer

A debit balance occurs when the total amount of debits in an account is greater than the total amount of credits. In other words, there have been more transactions recorded on the debit side of the account.

An Account Is Said to Have a Debit Balance If