Manager's credit are the amounts owed to suppliers for the inventories they delivered or services they provided
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The statement given above is true.
Explanation:
- Manager's credit refers to the amount that an organization has to repay the suppliers for the raw material they provide.
- Corporations do not just go into the market and buy raw material.
- They have certain agreements with suppliers that allow them to get the service first and pay the amount later.
- This amount to be paid back is recorded as Manager's Credit.
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