JAMB Accounting 2025 Objective — Question 3

Question 3 of 41 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2025 Objective paper, with the correct answer and a full explanation.

An account is having debit balance is established when.

A. The last entry of the accounting period was posted on the debit side
B. The amount of debit exceeds the amount of the creditsCorrect
C. There are more entries on the debit side than on the credit side
D. None of above

Explanation

When the amount of the debit side is higher than the credit side, such an account is said to have a debit balance, and vice versa.

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