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:

Verified
Correct Answer:
Verified
Related Questions
Q19: The trial balance will not balance when
Q20: If the sum of the debit column
Q21: Which of the following statements is true?<br>A)Debits
Q22: The ledger is merely a bookkeeping device
Q23: The number and types of accounts used
Q25: Which of the following statements is incorrect?<br>A)Expenses
Q26: The dividends account is a subdivision of
Q27: Camper Van Company purchased equipment for $2,600
Q28: The chart of accounts is a special
Q29: At January 1, 2021, Alligator Industries reported