An Account Will Have A Credit Balance If The
An Aaccount Will Have A Credit Balance If The Credits Exceed The Debits
An Account Will Have A Credit Balance If The Credits Exceed The Debits In A T-Account.
When totoal of credits are greater than total of debits in a t-account, then there is a credit balance which is written on the debit side of t-account to equalize total of debits with total of credits.
Revenue or Income, Liabilities, Owner’s Equity and Owner’s Capital have credit balances normally i.e., total of credit amounts are more than the total of debit amounts in these types of accounts.
Comments