A trial balance is made up of a list of debit balances and credit balances.Which of the following statements is correct?
A、Every debit balance represents an expense.
B、Assets are represented by debit balances.
C、Liabilities are represented by debit balances.
D、Income is included in the list of debit balances
A、Every debit balance represents an expense.
B、Assets are represented by debit balances.
C、Liabilities are represented by debit balances.
D、Income is included in the list of debit balances
【参考答案及解析】
Assets are represented by debit balances
Assets are represented by debit balances