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which statement correctly describes a contra account? 1-the balance always has more debits than credits. 2- the balance is the same as what would be

which statement correctly describes a contra account?

1-the balance always has more debits than credits.

2- the balance is the same as what would be considered normal for its section.

3-the balance always has more credits than debits.

4- the balance is the opposite of what would be considered normal for its section.

Q2 which of the following actions is not allowed when you create or edit a GL account?

1-using a colon in the name

2-changing the account name

3-making the account a sub- account

4-changing the account number.

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