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Q: Any credit balance in a vendor subsidiary account becomes an unpaid balance owed?
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Is a Credit balance in vendor subsidiary account is an unpaid balance?

Is a credit balance in a vendor subsidiary account an unpaid balance owed?


Is a credit balance in a vendor subsidiary account is an unpaid balance owed.?

Is a credit balance in a vendor subsidiary account an unpaid balance owed?


Is a credit balance in a vendor subsidiary account is an unpaid balance owed?

Is a credit balance in a vendor subsidiary account an unpaid balance owed?


Is a credit balance in a vendor subsidiary account an unpaid balance owed?

Is a credit balance in a vendor subsidiary account an unpaid balance owed?


Is any credit balance in a vendor subsidiary account is an unpaid balance owed.?

Any credit balance in a vendor subsidiary account ia an unpaid balance owed?


Is any credit balance in a vendor subsidiary account an unpaid balance owed?

Any credit balance in a vendor subsidiary account ia an unpaid balance owed?


Is Any credit balance in a vendor subsidiary account is an unpaid balance owed?

yeah


When a purchase on account is made the invoice becomes debit or credit?

A debit to the vendor's subsidiary account.


What is the normal balance of an account in the accounts payable subsidiary ledger?

Accounts receivables has debit balance as normal balance of account and shown in current assets in balance sheet.


How is subsidiary ledger different to the general ledger?

A subsidiary ledger is a group of similar accounts whose combined balances equal the balance in a specific general ledger account. The general ledger account that summarizes a subsidiary ledger's account balances is called a control account or master account. For example, an accounts receivable subsidiary ledger (customers' subsidiary ledger) includes a separate account for each customer who makes credit purchases. The combined balance of every account in this subsidiary ledger equals the balance of accounts receivable in the general ledger. Posting a debit or credit to a subsidiary ledger account and also to a general ledger control account does not violate the rule that total debit and credit entries must balance because subsidiary ledger accounts are not part of the general ledger; they are supplemental accounts that provide the detail to support the balance in a control account.


Any credit balance in a vendor subsidiary account is an unpaid balance owed.?

yes there is 1 but i forgot it


Any credit balance in vendor subsidiary account is an unpaid balance owed?

yes there is 1 but i forgot it