Use the following to answer the given question

DEBTORS CONTROL ACCOUNT:
$\begin{array}{c|c} & N & N \\ \hline \text{ Balance b/d} & 8,000 & & \\ & & Bank & \text{"Y"} \\ \text{'X"} & 12,000 & Discount & 200 \\ & & \text{Balanced c/d} & 3,000\end{array}$

The closing balance balance is a

Similar Questions

Which of the following bases of accounting does not make allowance for depreciation? ...

Faruk and Osawe are in partnership sharing profits and losses in the ratio of 3:7. Faruk is to recei...

\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{...

The value of the sales ledger control account is derived from the summation of ...

What is the working capital? ...

Use the following information to answer the given question: SALES LEDGER CONTROL ACCOUNT \(\begi...

The product cost that does not form part of the product but is incidental to product and facilitates...

The amount set aside out of profits to strengthen the financial position of the business is ...

Discount allowed is enjoyed by ...

Use the following information to answer the given questions \(\begin{array}{c|c} & N \\ \hl...