An Account Is Said to Have a Debit Balance If

Multiple Choice

An account is said to have a debit balance if

A) the amount of the debits exceeds the amount of the credits
B) there are more entries on the debit side than on the credit side
C) its normal balance is debit without regard to the amounts or number of entries on the debit side
D) the first entry of the accounting period was posted on the debit side