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Title: A company has a ten million dollar credit balance in the payable accounts. Given this information, ... Post by: bravata on Feb 20, 2017 A company has a ten million dollar credit balance in the payable accounts. Given this information, which of the following is a TRUE statement?
A) It is NOT normal for payable accounts to have a credit balance. B) Not enough information provided, since normal account balances are different for each company. C) It is ALWAYS normal for payable accounts to have a credit balance. D) Payable accounts shouldn't be this high, so this is not a normal balance. Title: Re: A company has a ten million dollar credit balance in the payable accounts. Given this ... Post by: antonio_john on Feb 20, 2017 Content hidden
Title: Re: A company has a ten million dollar credit balance in the payable accounts. Given this information, ... Post by: bravata on Jul 12, 2017 Thank you so much
I wish I knew about this years ago |