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Business Studies

Other Factors Affecting Capital Structure

Excess of cre...

Question

Excess of credit side total of an account over its debit total ______________.

A

debit balance

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B

credit balance

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C

zero balance

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D

None of these

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Solution

The correct option is B credit balance
When credit side of the ledger account exceeds the debit side, then the balancing figure is termed as Credit balance. All liabilities, income and gains and capital show Credit balance.

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