Author: admin

Author: admin

Is accounts receivable a debit or credit?
June 24, 2020 Bookkeeping admin

Credits record an amount added or deposited in an account balance. A recorded credit will decrease an asset account or increase a liability account. The debit to the cash account causes the supplier’s cash on hand to increase, whereas the credit to the accounts receivable account reduces the amount still owed. That is, they deliver

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