Asked by Melanie Domingcil on Apr 29, 2024
Verified
On computerized systems,credit balances are typically highlighted in:
A) red
B) yellow
C) green
D) blue
Credit Balances
Situations in financial accounting where a customer has paid more than the total amount due for goods or services, resulting in a surplus in their account.
- Understand the importance of timely and accurate data entry in computerized accounting systems.
Verified Answer
SS
Smile SadiouraMay 02, 2024
Final Answer :
A
Explanation :
Credit balances are often highlighted in red on computerized systems to indicate a negative value or an alert condition, such as owing money.
Learning Objectives
- Understand the importance of timely and accurate data entry in computerized accounting systems.