Accounts of expenses may show a credit balance.

State whether the following statement are ‘True or False’ with reason :

Accounts of expenses may show a credit balance.

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

This statement is False.

Accounts of expenses always show debit balance. They fall under the nominal account and its Golden rule is to Debit all Expenses.

4 views Answered 2023-02-05 15:29

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