Home  >  CS Executive  >  CS Executive Practice Test: Introduction to Financial Accounting – Corporate and Management Accounting

The process of balancing an account involves the equalization of both sides of the account. If the debit side of an account exceeds the credit side, the difference is put on the credit side. The said balance is (i) A debit balance (ii) A credit balance (iii) An expenditure or an asset (iv) An income or a liabilitySelect the correct answer from the options given below:

🎲 Try a Random Question  |  Total Questions in Quiz: 75  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
CS Executive Practice Test: Introduction to Financial Accounting – Corporate and Management Accounting — practice the complete quiz, review flashcards, or try a random question.
🧠 Flashcards (fast review) 🧪 Practice Quiz ⚔️ Challenge a Friend 🥊

The process of balancing an account involves the equalization of both sides of the account. If the debit side of an account exceeds the credit side, the difference is put on the credit side. The said balance is<br /> (i) A debit balance<br /> (ii) A credit balance<br /> (iii) An expenditure or an asset<br /> (iv) An income or a liability<br />Select the correct answer from the options given below:






ADVERTISEMENT
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.