when does accounts receivable have a credit balance?
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Answer Posted / nivedita paunikar
Accounts Receivable is the payment to be received from the
party / customer. When we receive any advance payment from
the party / customer for the services provided it shows
Credit Balance.
So. Accounts Receivable can have a credit balance only
when Advance payment is received from the party / customer.
| Is This Answer Correct ? | 17 Yes | 5 No |
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