Doubt

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June 20, 2016 at 1:27 pm #323594
seista
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While performing the audit of receivables the auditor needs to ask about the credit balance on a receivables ledger
What is meant by credit balance on a receivables ledger ?
June 20, 2016 at 3:00 pm #323601
Ken Garrett
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Most receivables balances will be debit balances. It is unusual to have a credit balance so these need to be investigated.
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