When do we have a debit balance or credit balance in an account?

1.	When do we have a debit balance or credit balance in an account?
Answer» (i) Debit balance : If in an account the total of debit side is more than the total of credit side then such an account is said to have a Debit balance. (ii) Credit balance : If in an account the total of credit side is more than the total of debit side then such an account is said to have a Credit balance.

Answer»

(i) Debit balance : If in an account the total of debit side is more than the total of credit side then such an account is said to have a Debit balance.

(ii) Credit balance : If in an account the total of credit side is more than the total of debit side then such an account is said to have a Credit balance.

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When do we have a debit balance or credit balance in an account?

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