Accountancy, asked by chakrabortytana2004, 2 months ago

credit balance means..?

Answers

Answered by mraksh96

A credit balance on your billing statement is an amount that the card issuer owes you. Credits are added to your account each time you make a payment. ... If the total of your credits exceeds the amount you owe, your statement shows a credit balance. This is money the card issuer owes you.

Answered by ananyaanand2

Answer:

A credit balance on your billing statement is an amount that the card issuer owes you. Credits are added to your account each time you make a payment. If the total of your credits exceeds the amount you owe, your statement shows a credit balance. This is money the card issuer owes you

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