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P1 C9 Ledger-Posting — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C9 Ledger-Posting1 Mark
Question
Which type of balance creditor’s account has? Why?
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Answer

Creditor is a giver of benefit and giver’s account is always credited, therefore creditor’s account has credit balance.

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