JAMB Accounting 2013 Objective — Question 3
Question 3 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2013 Objective paper, with the correct answer and a full explanation.
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When the debit side total of an account exceeds the credit side total while balancing an account, it means that the account has
- A. been overdrawn
- B. been understated
- C. debit balanceCorrect
- D. credit balance
Explanation
If Dr is greater than Cr, then it is a Dr (debit) balance, and vice versa.
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