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An account in the ledger of a company has a debit total of OMR 12,500. On the credit side, the account has a total of
An account in the ledger of a company has a debit total of OMR 12,500. On the credit side, the account has a total of OMR 12,500. Which of the following options is correct about the account balance?
a.
This account has debit balance of OMR 12,500 and it is taken to the debit column of trial balance
b.
This has no balance, but the total OMR 12,500 is taken to both debit and credit column of trial balance.
c.
This account has no balance and it is not taken to the trial balance
d.
This account has a credit balance of OMR 12,500 and it is taken to the credit column of trial balance
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