Use the following to answer the given question
...
Use the following to answer the given question
Creditors Control Account:
\(\begin{array}{c|c} & & & N \\ \hline Bank & \text{"X"} & \text{Balanxe b/d} & 1,200 \\ Discount & 30 & \text{"Y"} & 1,800 \\ \text{Balance c/d} & 450 & & \\ \hline & & & & \hline \end{array}\)
The balance of 450 in the above accounts represents
Trading account item
Profit and loss account item
Current asset
Current liability
Provision for discount on creditors
Correct answer is D
No explanation has been provided for this answer.
Which of the following is the memory part that is available for use by the computer user? ...
The concept of Double Entry Book-Keeping states that ...
Use the following information to answer the given question \(\begin{array}{c|c} & N\\ \text...
Use the information to answer the question given. \(\begin{array}{c|c} \text{Cost of motor vehi...
The main reason for adopting a departmental account is to? ...
Which of the following date lines is correct for a profit and loss account? ...
A bond acknowledging a loan to a company under the company's seal, bearing a fixed rate of inter...