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When preparing a trial balance, which of the following accounts would typically have a credit balance?

Practice Questions

1 question
Q1
When preparing a trial balance, which of the following accounts would typically have a credit balance?
  1. Accounts Receivable
  2. Cash
  3. Accounts Payable
  4. Inventory

Questions & Step-by-step Solutions

1 item
Q
Q: When preparing a trial balance, which of the following accounts would typically have a credit balance?
Solution: Accounts Payable typically has a credit balance, reflecting amounts owed to suppliers.
Steps: 0

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