Any credit balance in a vendor subsidiary account is an update balance owed is answer true or false

That statement is true.
A credit balance refers to the amount of total liability that exists after we finish calculating all of our subsidiary accounts.
The amount of credit balance will be added to unpaid liabilities toward each account and will be brought upon in the future accounting period. 

The three sociological perspectives include the beginner’s mind, culture shock, and the sociological imagination

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