Ask Question
11 May, 16:26

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

+5
Answers (1)
  1. 11 May, 16:34
    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?
Find an answer to your question ✅ “Any credit balance in a vendor subsidiary account is an unpaid balance owed. true or false. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers