An account is said to have a debit balance if a) its normal balance is debit without regard to the amounts or number of entries on the debit side. b) the footing of the debits exceeds the footing of the credits. c) there are more entries on the debit side than on the credit side. d) the last entry of the accounting period was posted on the debit side.

Respuesta :

b) the footing of the debits exceeds the footing of the credits.

An account is said to have a debit balance if the footing of the debits exceeds the footing of the credits.

  • A debit balance is a negative cash balance in a checking account with a bank. Such an account is said to be overdrawn, and so is not actually allowed to have a negative balance - the bank simply refuses to honor any checks presented against the account that would cause it to have a debit balance.
  • The debit balance is the amount of cash the customer must have in the account following the execution of a security purchase order so that the transaction can be settled properly.
  • The debit falls on the positive side of a balance sheet account, and on the negative side of a result item.
  • A debit balance is an amount that states that the total amount of debit entries in a general ledger is more than the total amount of the credit entries.
  • In accounting, each account has a normal balance. Assets have a normal debit balance, while liabilities and owner's equity have normal credit balances. Income has a normal credit balance and expenses have a normal debit balance.

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