Solved

The Transaction That Could Not Result in a Credit Balance

Question 36

Multiple Choice

The transaction that could not result in a credit balance in a debtor's account is:


A) Receipt of a deposit for work ordered
B) Return of faulty goods by a customer after payment had been made
C) Payment by a customer after the debt had been written off as irrecoverable
D) Sale of goods on credit that will be paid for in the next accounting period

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions