The difference between the total debits and total credits in a single account is the account's balance. If debits exceed credits, the account has a debit balance; if credits exceed debits, the account has a credit balance For the company as a whole, the totals of debit balances and credit balances must be equal as shown in the trial balance report, otherwise an error has occurred.
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Debit and credits
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We are, private, independent, non-bank provider of expert financial,project funding worldwide, marketing and technical solutionsWe also provide help client in need of Proof of funds (POF) and Bank Confirmation Letter (BCL) for various commodity trade such as crude oil, oil & gas servicing equipment’s, steel, and precious stones etc… Also these services are acceptable in some organizations and countries for import and export trade in opening credit lines with suppliers or manufacturers.
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