### Maria Au, a beginning accounting student, believes debit balances are favorable and credit balances are unfavorable. Is Maria correct? Discuss
Question
### Maria Au, a beginning accounting student, believes debit balances are favorable and credit balances are unfavorable. Is Maria correct? Discuss
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Solution 1
Maria Au's belief is not entirely correct. In accounting, debit and credit balances are not inherently favorable or unfavorable. Instead, they represent the two sides of a transaction in double-entry bookkeeping.
- Debit Balances: In accounting, a debit balance is normal for asset and expense acco Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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