Is Accounts Receivable a Debit or Credit?
Emagia
AUGUST 1, 2023
On the other hand, credit represents an opposite financial transaction, where the business becomes indebted to another business or individual. Additionally, debits can encompass compensation owed to you for services rendered, outstanding wages due to employees who have received salary advances, and anticipated tax refunds from the IRS.
52 
Let's personalize your content