Question
If , in a given business, all the balances in the debtors ledger added up to R 7 3 0 0 0 , and
If in a given business, all the balances in the debtors ledger added up to R and all the balances in the creditors ledger added up to R what should the balance in the debtors account be
Select one:
a R
b R
c R
d
In what circumstance could an individual debtor's balance be reflected as the total debtors balance in the trial balance?
Select one:
a. This could never happen, because individual debtors balances are not displayed in the trial balance.
b In an instance where the business only has one debtor
c In an instance where indhidual creditors' balances are also reflected in the trial balance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To find the balance in the debtors account we need to subtract the total bal...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App