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Which of these accounts has debit balanc...

Which of these accounts has debit balance?
Option1 Income received in advance
Option2 Bank loan
Option3 Prepaid insurance premium
Option4 Creditors for goods

A

Income received in advance

B

Bank loan

C

Prepaid insurance premium

D

Creditors for goods

Text Solution

Verified by Experts

The correct Answer is:
C
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