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Ask the Tutor ACCA FA

chapter 2

MMvelo8y ago
when do we credit an expense?
John MoffatJohn MoffatTutor8y ago#1
If it is an expense then we don't credit!!! If you mean 'when do we credit the expense account', then this would happen if (for example) we had paid more than we should have paid and therefore receive a refund of the over-payment.
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