In a closing statement, if the seller's debit column is less than the credit column, what does this indicate?

In a closing statement, the seller's debit column reflects amounts that the seller owes or expenses related to the sale, while the credit column represents money the seller is receiving from the transaction. When the debit column is less than the credit column, it indicates that the seller is receiving more money than they owe, which typically happens when the sale price exceeds the costs and expenses associated with the transaction.

Thus, the seller is effectively receiving money back after accounting for their expenses. This situation suggests that the seller is in a favorable position financially from the transaction. The balance in the columns reflects a net gain for the seller, which reinforces the idea that they are receiving money at closing, confirming the accuracy of the chosen answer.