A company has recorded $38,000 in debits to a particular account, and has also recorded $14,000 of credits to that account. The account balance is
A) $52,000 credit
B) $24,000 credit
C) 24,000 debit
D) $52,000 debit

Question

Quizplus · Accepted Answer

The account balance is calculated by subtracting the credits from the debits. Therefore, $38,000 (debits) - $14,000 (credits) = $24,000 debit.

A Company Has Recorded $38,000 in Debits to a Particular