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  • Nov 9, 2009, 05:06 AM
    adammonger
    Financial Statements for ongoing companies
    When making Financial Statements for ongoing companies with Accounts payable and Receievabale where should the balances be included
  • Nov 9, 2009, 10:44 AM
    haider78605

    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 .

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