Answered

A credit balance in which of the following accounts would indicate a likely error?
Oa. Accounts Payable
Ob. Salary Expense
Oc. Marc Gonzales, Capital
Od. Fees Earned

Verified Answer :

GinnyAnswer

Final answer:

A credit balance in the Accounts Payable account could indicate an error in financial records.


Explanation:

A credit balance in the account Accounts Payable would indicate a likely error. Accounts Payable represents money owed by a company to its suppliers for goods or services purchased on credit. Having a credit balance in this account would suggest that the company may have overpaid or there was an incorrect entry, leading to a potential error in the financial records.


Learn more about Accounts Payable here:

https://brainly.com/question/43280750


Related Questions