If the previous account balance and the current entry posted to an account are both credits, the new account balance is a credit.

Name: If the previous account balance and the current entry posted to an account are both credits, the new account balance is a credit.
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Question

Quizplus · Accepted Answer

When both the previous balance and the current entry in an account are credits, they are added together, resulting in a new balance that is also a credit.

If the Previous Account Balance and the Current Entry Posted