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Examveda

In an account, when credit side total < debit side total, then, the balance is known as

A. Negative balance

B. Debit balance

C. Positive balance

D. Credit balance

Answer: Option B

Solution(By Examveda Team)

In an account, when credit side total < debit side total, then, the balance is known as Debit balance. It is the positive balance in the left side of the account.

This Question Belongs to Commerce >> Accounting

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