ciples of Accounting My courses / Business Studies Principles of Accounting / Section 3 - Hassan S Qui Drawings account will normally show: 1 Select one: tof a. Debit balance Fini b. Debit and credit balance estion Tin O c. None of the above options O d. Credit balance O d. Credit balance Is it possible for a ledger account not to have any balance for a particular period? Select one: a. Yes if the debit is equal to credit b. Yes if the debit is less than credit O c. Yes if the debit is more than credit O d. None of the given options General ledger consists of: Select one: O a. Assets, liabilities and equity accounts b. Liabilities and equity accounts only C. Assets and liabilities accounts only O d. Assets and equity accounts only es Business Studies Principles of Accounting / Section Loan taken from bank will normally show: Select one: O a. Credit balance O b. None of the above options O c. Debit balance O d. Debit and credit balance If the opening balance of a ledger account is debit then it will be recorded on: Select one: a. None of the given options b. Debit or credit side it does not matter C. Debit side d. Credit side