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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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