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adammonger
Nov 9, 2009, 05:06 AM
When making Financial Statements for ongoing companies with Accounts payable and Receievabale where should the balances be included

haider78605
Nov 9, 2009, 10:44 AM
AnswerThe balances of Accounts recievables comes at the debit side in Current Assets and the A/P needs to be put into Current liabilites in Credit side .