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An account is said to have a debit balance because
Question 1
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An account is said to have a debit balance because
the first entry made in it is on its debit side
there aer more entries on the debit side than on the credit side
total value of debit entries is more than total value of credit entries
there is no entry at all on the dbit side
Answer Details
Read lesson note on The Accounting Equation And Double Entry Principle (WAEC)
The Accounting Equation And Double Entry Principle
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