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The Transaction That Could Not Result in a Credit Balance

Question 15

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.

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