Debit balances and credit balances

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Teresa Alvarez, a beginning accounting student, believes debit balances are favorable and credit balances are unfavorable. Is Teresa correct? Why or Why not?

Reference no: EM13155732

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Debit balances and credit balances : Teresa Alvarez, a beginning accounting student, believes debit balances are favorable and credit balances are unfavorable. Is Teresa correct? Why or Why not?
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