There will be a credit balance to an account if _____. a. The last entry of the accounting period was posted on the credit side b. There is no entry in credit side c. The total amount of credit exceeds the total amount of the debits d. There are more entries on the debit side than on the credit side

There will be a credit balance to an account if _____. a. The last entry of the accounting period was posted on the credit side b. There is no entry in credit side c. The total amount of credit exceeds the total amount of the debits d. There are more entries on the debit side than on the credit side

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter8: Recording Closing Entries And Preparing A Post-closing Trial Balance For A Service Business

Section8.2: Preparing A Post-closing Trial Balance

Problem 1AYU

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