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    Financial Accounting Study Set 31
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    Exam 2: The Recording Process
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    An Account Will Have a Credit Balance If the
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An Account Will Have a Credit Balance If the

Question 24

Question 24

Multiple Choice

An account will have a credit balance if the


A) credits exceed the debits.
B) first transaction entered was a credit.
C) debits exceed the credits.
D) last transaction entered was a credit.

Correct Answer:

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