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If the Cash account has a credit balance, which of the following statements is true? The account needs to be analyzed to determine the reason
If the Cash account has a credit balance, which of the following statements is true?
The account needs to be analyzed to determine the reason for the credit balance.
An error has occurred and must be corrected before financial statements can be prepared.
This is the normal balance for cash.
Debit postings exceed the credit postings for the accounting period.
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