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General Ledger
In a ledger account, if total of the debit side is equal to the total of the credit side, the account is said to have a:
Expected balance
Normal balance
Credit balance
Zero balance
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rikazzz
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General Ledger
Which of following types of accounts normally have a credit balance?
Assets, liabilities, capital
Revenues, liabilities, capital
Revenues, liabilities, expenses
Revenues, liabilities, losses
Author:
rikazzz
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General Ledger
In accounting, the abbreviation Dr. is used for:
Debtor
Debate
Defaulter
Debit side of ledger account
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General Ledger
The process of finding out the balance of a ledger account is known as:
Posting
Calculation
Investigation
Balancing
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rikazzz
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General Ledger
In a ledger account, the difference between the total of the debit side and the total of the credit side is known as the:
Deficit
Debit balance
Balance
Credit balance
Author:
rikazzz
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