Question

Because an account form has columns for the debit and credit balance of an account, it is often referred to as the balance-ruled account form?

Answer 1

The account form with columns for debit and credit balance is referred to as the balance-ruled account form in Business.

Step-by-step explanation:

The subject of this question is Business. Specifically, the question is about an account form and its columns for the debit and credit balance. The reason it is referred to as the balance-ruled account form is because of its two-column format, with the T-shape formed by the vertical line down the middle and the horizontal line under the column headings for 'Assets' and 'Liabilities'. This format allows for easy tracking and balancing of the account's debit and credit entries.