A debit balance in which of the following accounts would indicate a likely error?

Name: A debit balance in which of the following accounts would indicate a likely error?
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Question

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Share capital typically has a credit balance because it represents the amount of money shareholders have contributed to the company. A debit balance in the share capital account would suggest an error, as it would imply a negative contribution from shareholders, which is not a standard accounting practice.

A Debit Balance in Which of the Following Accounts Would