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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 |
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