Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 27 - No. 44)
What does it mean for an account to have a 'credit' balance?
The account has a debit balance.
The account's balance is zero.
The account's balance is a positive amount.
The account's balance is on the right side of the T-account.
Explanation
The credit side of the T-account is on the right.
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