Question

With respect to the balancing of an account, which one of these statements is FALSE? 1 point A) If the total on the credit side was the larger, the balance is a credit. B) Dollar signs are always used to designate a balance amount. C) Footings of each side of the account are needed to determine the balance. D) If the total on the debit side was the larger, the balance is a debit.

Name: with respect to the balancing of an account which one of these statements is false 1 point a if the total on the credit side was the larger the balance is a credit b dollar signs are always 60562
Uploaded: 2022-04-21T03:57:47-08:00
Duration: 2 min 55 s
Channel: Sanchit Jain
Description: with respect to the balancing of an account which one of these statements is false 1 point a if the total on the credit side was the larger the balance is a credit b dollar signs are always 60562

          With respect to the balancing of an account, which one of these statements is FALSE?
1 point
A) If the total on the credit side was the larger, the balance is a credit.
B) Dollar signs are always used to designate a balance amount.
C) Footings of each side of the account are needed to determine the balance.
D) If the total on the debit side was the larger, the balance is a debit.

Added by Sandra C.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Sanchit Jain

04/21/2022

Step 1

Step 1: Understand how balances are determined — the side with the greater total sets the type of balance (debit or credit). Show more…

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With respect to the balancing of an account, which one of these statements is FALSE? 1 point A) If the total on the credit side was the larger, the balance is a credit. B) Dollar signs are always used to designate a balance amount. C) Footings of each side of the account are needed to determine the balance. D) If the total on the debit side was the larger, the balance is a debit.