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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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