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    Question

    An account is having debit balance is established when.

    A The last entry of the accounting period was posted on the debit side Correct Answer Incorrect Answer
    B The amount of debit exceeds the amount of the credits Correct Answer Incorrect Answer
    C There are more entries on the debit side than on the credit side Correct Answer Incorrect Answer
    D None of above Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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