Asked by Beatris Hayes on Apr 26, 2024
Verified
Indicates that the amount paid is less than the total due
A) bookkeeper
B) accountant
C) account
D) day sheet
E) accounts receivable
F) debit
G) credit
H) balance
I) debit balance
J) credit balance
K) Business Associate Agreement (BAA)
L) charge slip
Credit Balance
The amount of money in a financial account that the account holder can claim, representing a surplus of payments over charges.
- Discern and pair up accounting and finance-related terms with their accurate descriptions.
- Differentiate among assorted financial entries like debits and credits, and recognize their implications.
Verified Answer
LD
Lohita DeadeepyaMay 01, 2024
Final Answer :
I
Explanation :
A debit balance in an account typically indicates that the amount paid is less than the total due, reflecting that more money is owed.
Learning Objectives
- Discern and pair up accounting and finance-related terms with their accurate descriptions.
- Differentiate among assorted financial entries like debits and credits, and recognize their implications.