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  • Accounting (CA - CPT)
  • All of the following have debit balance, except
Multiple choice

All of the following have debit balance, except

  1. loan to contractor

  2. goodwill

  3. wages outstanding account

  4. trade receivables account

  5. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Correct; wages outstanding is due within a short period. Hence, it does not show debit balance.

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