Question 11 (1 point) When the total expenses are greater than the total revenues, a the Income Summary account has a credit balance. b the Income Summary account has a debit balance. C debits equal credits. d none of these.

## Step 1<br />The problem is about understanding the balance in the Income Summary account when total expenses are greater than total revenues. The Income Summary account is a temporary account used in the closing process to summarize the revenues and expenses for the period.<br /><br />## Step 2<br />When total expenses are greater than total revenues, the Income Summary account will have a debit balance. This is because expenses are debits and revenues are credits. When expenses exceed revenues, the balance in the Income Summary account will be a debit balance.<br /><br />## Step 3<br />Option a is incorrect because a credit balance in the Income Summary account would indicate that revenues exceed expenses, which is not the case here.<br /><br />## Step 4<br />Option c is incorrect because debits do not necessarily equal credits in this scenario; expenses are greater than revenues.<br /><br />## Step 5<br />Option d is incorrect because there is a clear answer among the options provided.