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why is it that accounts receivable can never have a credit balance? Also, why is it that accounts payable can never have a debit balance?

why is it that accounts receivable can never have a credit balance? Also, why is it that accounts payable can never have a debit balance?

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Accounts receivable , can never have... View the full answer

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Here is the answer. Thanks in... View the full answer

Accounts payable can never have a debit balance because it is a liability account,and... View the full answer

Accounts receivable Accounts receivable is the amount to be received from the... View the full answer

Accounts receivable: Accounts receivable is the sum of money which... View the full answer

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