a account has debit balence.what is the meaning?
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Answer Posted / rosey
If an account has a debit balance, its meaning will be
determined by the type of account. If it is a personal
account then it means that the person is a debtor,if a real
account has a debit balance,it means that it is an asset
and if a nominal account has a debit balance, then it means
that it is an expense or loss.
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