Accountancy, asked by don2642, 5 months ago

What does credit balance of bank indicates

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Answered by Anonymous

5

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

Answered by yashikagupta16

1

hope this will be helpful for you

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