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How do you identify whether an account has a de... - SS1 Accounting Steps To Extract Balances From A Ledger Account Question

How do you identify whether an account has a debit or credit balance?

 

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Accounts that increase with a debit entry and decrease with a credit entry are considered to have a debit balance. Similarly, accounts that increase with a credit entry and decrease with a debit entry are considered to have a credit balance.

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