Accounting




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General Accounting Discussions: Balance Sheet

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  1.  
    • CommentAuthorlucine1
    • CommentTimeJan 30th 2008
     
    All,

    I need help with the following question:
    Describe an asset account that you would expect to find on the balance sheet that normally has a credit balance, other than accumulated depreciation and reserve for bad debt. Explain what the account would be used for and what common types of enteries and transactions you would expect to hit the account.

    Thanks for your help!!
    Thankful People: raviparekh

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