A debit balance may appear on a payables ledger account because: a. A supplier has overpaid b.

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A debit balance may appear on a payables ledger account because:

a. A supplier has overpaid

b. A purchase invoice has been duplicated

c. A business may have returned goods to a supplier after paying for them

d. The business has paid the amount it owes a supplier

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Introduction To Accounting And Finance

ISBN: 9780273711629

2nd Edition

Authors: Geoff Black

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Question Posted: May 31, 2024 03:09 AM

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A debit balance may appear on a payables ledger account because: a. A supplier has overpaid b.

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Introduction To Accounting And Finance

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