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The Transaction That Could Not Result in a Credit Balance

Question 3

Multiple Choice

The transaction that could not result in a credit balance in a debtor's account is:


A) Receipt of a deposit for work ordered
B) Return of faulty goods by a customer after payment had been made
C) Payment by a customer after the debt had been written off as irrecoverable
D) Sale of goods on credit that will be paid for in the next accounting period

Correct Answer:

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