when does accounts receivable have a credit balance?

Answer Posted / jigar gajjar

Normally the receivable account shows debit balance but
when the amount is received in advacne then it shows a
credit balance

Is This Answer Correct ?    28 Yes 9 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

with out college degree con't we dc accounting job?

1594


hi guys, pls refer me how to preppare for Indian Bank exams.

1957


How to Calculate PF with interest or without interest.

2867


Hi Iam Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Officer's post. Please help me I f u can. thanx in advance

1554


What do you mean by custodian/Depository, & what are the different types of Depository? (NSDL/CDSL)

3869






my qustion is what is H foam and where use

1386


what is meant by cash purchase?

911


wHAT ARE EVENTS

1623


helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.

1595


In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected

1676


what is internal audit

1607


let me know the minimum Accounting Heads in an accounting system

4232


can i have practical examples of AS-30

1949


what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?

1791


wat is the fundamental analysys& technical analasys?and wat is the difference bewween fundamental analysys&technical analasys?

1589