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when does accounts receivable have a credit balance?
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Answer / nivedita paunikar
Account receivable means the money to be received from the
party for the services rendered. When we receive any
advance from the customer then it shows credit balance. So
only for the advance payement received then account
receivable shows credit balance
| Is This Answer Correct ? | 2 Yes | 5 No |
Answer / hssarda
No, if there is debited balance its means receivable.
current asset shows debited balance.
| Is This Answer Correct ? | 9 Yes | 24 No |
suppose as a company i have to pay rennt to tennant but not paid it means payable so how can ipass the entry in tally is any another rent a/c under another head required to create.
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sorry this is my personal. But i want to be share because i am confusing stage. This is not related any interview question first in my schooling i studied telugu mideam. After my B.com i joined CA but i didn't pass but i vasted 4yrs. After i did MBA still i am not fluentcy in english i learned 30% english if i will go interviews or not ?
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