When debits equal credits for a transaction, the accounting equation is in balance
When debits equal credits for a transaction, the accounting equation is in balance. TRUE.
Question
Asked 2/5/2015 12:32:11 PM
Updated 7/14/2016 3:56:34 PM
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3
When debits equal credits for a transaction, the accounting equation is in balance. TRUE.
Added 7/14/2016 3:56:34 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [7/14/2016 9:21:05 PM]

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Questions asked by the same visitor
Asset and expense accounts normally have
Question
Updated 2/5/2015 7:17:41 PM
Asset and expense accounts normally have DEBIT BALANCES.
Added 2/5/2015 7:17:41 PM
This answer has been confirmed as correct and helpful.
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