28. In an account, when credit side total < debit side total, then, the balance is known as

A) Negative balance
B) Debit balance
C) Positive balance
D) Credit balance
✅ ANSWER: B
In an account, when credit side total < debit side total, then, the balance is known as Debit balance. It is the positive balance in the left side of the account.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top