An account will have a credit balance if the
A) credits exceed the debits.
B) first transaction entered was a credit.
C) debits exceed the credits.
D) last transaction entered was a credit.

Question

Quizplus · Accepted Answer

Credits exceeding debits in an account results in a credit balance. This is a fundamental principle of accounting, where the balance of an account is determined by the difference between the total credits and total debits.

An Account Will Have a Credit Balance If the