Which of the following would be normal reason for a credit balance appearing in the Trade receivables

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Which of the following would be normal reason for a credit balance appearing in the Trade receivables ledger?

(i) A customer may occasionally be also a supplier

(ii) A customer could have returned some goods after paying for them

(iii) A customer may have paid without realising his cash discount entitlement

(iv) Offset by contra exceeded the amount receivable from that customer

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 30, 2023 08:25 AM

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Which of the following would be normal reason for a credit balance appearing in the Trade receivables

Question:

a ii & iii bi & ii ciii & iv C dii & iv

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Financial Accounting An Introduction

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