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JAMB Principles of Accounts 2013 Question 3

Question 3

Double Entry and the Ledger

When the debit side total of an account exceeds the credit side total while balancing an account, it means that the account has

  1. A.been overdrawn.
  2. B.been understated.
  3. C.debit balance.
  4. D.credit balance.
Show the answer and explanation

Answer: C (debit balance.)

Explanation

When debits are larger, the balance (the difference) is a debit balance.