A credit balance in which of the following accounts would indicate a likely error?
A) fees earned
B) inventory
C) share capital
D) accounts payable.

Question

Quizplus · Accepted Answer

A credit balance in inventory would indicate that the company has more inventory than it actually has, which suggests an error in the accounting records. Fees earned, share capital, and accounts payable may have credit balances depending on the specific circumstances and do not necessarily indicate an error.

A Credit Balance in Which of the Following Accounts Would