If the number of debit entries in an account is greater than the number of credit entries,the account will have a debit balance.
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Q4: In its simplest form an account has
Q5: When a company uses the double-entry method,the
Q6: Liability accounts should only be debited and
Q7: Decreases to owners' equity accounts are recorded
Q8: When making a general journal entry,there can
Q10: The left-hand side of an account is
Q11: A credit to a ledger account refers
Q12: Ledger accounts are updated first,and then transactions
Q13: The ledger is a chronological,day-by-day,record of business
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