Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When an account that normally has debit balance actually reveals a credit balance, it indicates that: Select one: a. a mistake must have been

image text in transcribed

When an account that normally has debit balance actually reveals a credit balance, it indicates that: Select one: a. a mistake must have been made by the accountant. b. None of the other answers are correct, as it is impossible for an account with a normal debit balance to show a credit balance. c. the account is behaving abnormally. O d. the account must be repaired to normal, as soon as possible.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Introduction To Financial Accounting

Authors: Henry Dauderis, David Annand

1st Edition

9781517089719

Students also viewed these Accounting questions

Question

Are organizations that provide services to consumers retailers?

Answered: 1 week ago