Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 24 - No. 35)
Which of the following statements best describes the relationship between the debit and credit sides of an accounting equation?
The debit side must always be larger than the credit side.
The credit side must always be larger than the debit side.
The debit and credit sides must always be equal.
The debit side and the credit side have no direct relationship.
Explanation
In the accounting equation, debits and credits always must balance.
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