yeah
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?
Any credit balance in a vendor subsidiary account ia an unpaid balance owed?
true
yes there is 1 but i forgot it
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 a credit balance in a vendor subsidiary account an unpaid balance owed?
Any credit balance in a vendor subsidiary account ia an unpaid balance owed?
Any credit balance in a vendor subsidiary account ia an unpaid balance owed?
true
yes there is 1 but i forgot it
yes there is 1 but i forgot it
yes there is 1 but i forgot it
A credit balance in a vendor subsidiary account indicates that the vendor has received more payments than the amount owed for goods or services provided. This typically means that the vendor has a credit on their account, which can be considered an unpaid balance because it represents funds that the vendor may need to refund or apply to future invoices. Hence, the credit amount is essentially a liability for the vendor until resolved.
No, a credit balance in a vendor subsidiary account typically indicates an overpayment or a payment made in excess of the amount owed. This means that instead of an unpaid balance, the vendor may actually owe the company a refund or credit for future purchases. It's important to review the account details to understand the specific reason for the credit balance.