The total of the debit side of Ram`s account, a creditor of the company is Rs 10,000, while the total of the credit side is Rs 20,000. Which of the following is true in this regards?

Ram`s account has a debit balance of Rs 10,000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Ram`s account has a debit balance of Rs 20,000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Ram`s account has a credit balance of Rs 10,000

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Ram`s account has a credit balance of Rs 20,000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Ram`s account has a credit balance of Rs 10,000

Ram`s account has a credit balance of Rs 20,000 - Rs 10,000= Rs 10,000.

Suggest Corrections

Similar questions

The total of the debit side of Lakshay`s account, a debtor of the company is Rs 40,000, while the total of the credit side is Rs 20,000. Which of the following is true in this regards as at 1st day of the next accounting year?

Q. The total of debit side of cash account is Rs.2,50,000 and the total of credit side is Rs.1,50,000. The closing balance of cash account is .

The total on the debit side of the cash account of a company is Rs 27600, while the total on the credit side is Rs 20500. What shall be the balance of the cash account as at year end & on which side of the ledger account will it be written?

Q. The total of debit side comes down to Rs. 9,30,000 while the total of credit side comes down to Rs. 4,90,000. So there’s a of Rs. 4,40,000.

A shoe manufacturing company sold shoes worth Rs.10,000 to one of it's customer on credit. Which account should be debited and which account is credited?

Join BYJU'S Learning Program

The total of the debit side of Ram`s account, a creditor of the company is Rs 10,000, while the total of the credit side is Rs 20,000. Which of the following is true in this regards?

The correct option is C Ram`s account has a credit balance of Rs 10,000 Ram`s account has a credit balance of Rs 20,000 - Rs 10,000= Rs 10,000.

The correct option is C
Ram`s account has a credit balance of Rs 10,000

Ram`s account has a credit balance of Rs 20,000 - Rs 10,000= Rs 10,000.