True/False
If the previous account balance and the current entry posted to an account are both credits, the new account balance is a credit.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q27: Information needed to prepare an income statement's
Q28: If an amount is recorded on the
Q29: Select the one term that best fits
Q30: A transaction for the sale of goods
Q31: Select the one term that best fits
Q33: The source document for an electronic funds
Q34: Adjusting entries must be posted to the
Q35: A transaction recorded in a journal is
Q36: Select the one term that best fits
Q37: The first digit in the account number