Q265
In an account, when credit side total < debit side total, then, the balance is known as
A.
Negative balance
B.
Debit balance
AnswerC.
Positive balance
D.
Credit balance
Answer: Option B
Solution
Answer: Option B
Solution:
In an account, when credit side total < debit side total, then, the balance is known as Debit balance. It is the positive balance in the left side of the account.