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The technique of finding the net balance of an account after considering the totals of both debits and credits appearing in the account is known as 
  • a)
    Posting 
  • b)
    Purchase 
  • c)
    Balancing of an account 
  • d)
    Arithmetically accuracy test 
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
The technique of finding the net balance of an account after consideri...
Balancing of an accounts means ascertaining the net effect of the transactions, i.e. the difference between the debit and credit side of the ledger account. Thus, when the debit side of the ledger account exceeds the credit side, the balancing figure is termed as debit balance and vice versa. All the assets, expenses and losses show debit balance. Whereas, all liabilities, incomes and gains and capital show credit balance.
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Community Answer
The technique of finding the net balance of an account after consideri...
Firstly alll the entry pass to Dr. and cr. side then we sun up aal the balance of both side after this we deduct the more balance with low...
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The technique of finding the net balance of an account after considering the totals of both debits and credits appearing in the account is known asa)Postingb)Purchasec)Balancing of an accountd)Arithmetically accuracy testCorrect answer is option 'C'. Can you explain this answer?
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