\(\begin{array}{c|c} & ₦\\ \hline \text{Opening debtors} & 40,000\\ \text{Opening creditors} & 30,000 \\ \text{Credit sales} & 100,000\\ \text{Credit purchases} & 80,000 \\ \text{Bad debts}& 5,500\\ \text{Set-offs} & 65,500\end{array}\)

Closing creditors figure is

Similar Questions

Use the following information to answer the given question. John and Johnson are in partnership, sh...

In the balance sheet, the balance on the provision for Depreciation Account shown as ...

Receipt and payment account discloses? ...

The double entry principle states that ...

One of the options below have the same features as the profit and loss account in non-profit organiz...

Which of the following items will appear in the Total Creditors Account? ...

Recurrent expenditure of a local government include ...

When partners maintain fixed capital accounts, the correct entries for a partner's share of prof...

Which of the following is not correct? \(\begin{array}{c|c} Assets & Liabilities & Capita...

Which of the following does not appear in a bank statement? ...