An account is said to have a debit balance because
...An account is said to have a debit balance because
The first entry made in it is on its debit side
There are more entries on the debit side than on the credit side
Total value of debit entries is more than total value of credit entries
There is no entry at all on the debit side
Correct answer is C
No explanation has been provided for this answer.
Lighting..................N2925 Rent......................N2640 Salary....................N4050 ...
₦ Plant and Machinery 190000 ...
Which of the following is not an example of capital reserve? ...
Which of the following does not appear in a bank statement? ...
''Below the line'' item in public sector accounting means such an item is........
A credit purchase of N200 from Osae was posted to the account of Osei. This is an error of ...
Which of the following is not a credit item in the sales ledger control account? ...