when does accounts receivable have a credit balance?
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Answer Posted / ammanna.s
1. When Customers/Clients Paid in Advance
2. When Customer payment is accounted before rasing invoice
3. When Custome Reurned the Goods Supplied
4. If there is Promotional Incentive creidit is given
after Customer Clears the dues
5. Error on accounting of Others Payments
6. If OurCustomer become supplier to us
| Is This Answer Correct ? | 17 Yes | 4 No |
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