When there is only one entry in an account on the credit side, then what shall be the balance of that ledger account?

Debit

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Credit

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It shall not be balanced

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Nil

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Solution

The correct option is B
Credit

When there is only one entry in an account on the credit side, then it shall have a credit balance.

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When there is only one entry in an account on the credit side, then what shall be the balance of that ledger account?

The correct option is B Credit When there is only one entry in an account on the credit side, then it shall have a credit balance.

The correct option is B
Credit

When there is only one entry in an account on the credit side, then it shall have a credit balance.