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Balancing of Permanent Accounts

When balance ...

Question

When balance of an account is a debit balance, on which side of the ledger account is the entry for balancing done?

A

Debit

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B

Credit

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C

shall not be balanced

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D

None of the above

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Solution

The correct option is B
Credit

When balance of an account is a debit balance, the entry for balancing is done on credit side of ledger.

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