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      Question

      The difference between the total debits and total

      credits of an account is called:
      A Journal Correct Answer Incorrect Answer
      B Ledger Correct Answer Incorrect Answer
      C Balance Correct Answer Incorrect Answer
      D Voucher Correct Answer Incorrect Answer
      E Folio Correct Answer Incorrect Answer

      Solution

      The process of equalizing the two sides of an account and finding the difference is called "balancing," and the resulting figure is the "balance".

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