Ask Question
29 September, 09:43

Any credit balance in a vendor subsidiary account is an unpaid balance owed. true or false.

+1
Answers (1)
  1. 29 September, 10:02
    0
    The answer is true, Accounts payable is a single general ledger account that summarizes the total amount owed to all vendors. Accounts payable are amounts which are owed by you to your suppliers for the purchase of trade goods or services, they are sometimes referred to as trade payables or trade creditors. Under normal circumstances, they are normally unsecured, and non-interest bearing.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Any credit balance in a vendor subsidiary account is an unpaid balance owed. true or false. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers