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Debit Balance is displayed in which book of accounts?
11. Debit Balance is displayed in which book of accounts?
- Creditor Book
- Journal
- Bills Receivable Book
- Ledger
Answer: C) Bills Receivable Book
Explanation:
Bills receivable records will normally have a debit balance. As a bill receivable should be gotten at development, it goes about as a current resource for the business. For the most part, every bill has a multi-day effortlessness period.