What is the balance carried down on the following debtor account on the 31 May ………..?
Select ONE answer:
- £380 debit
- £395 credit
- £395 debit
- None of the above
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Accounting KS5 classes.
The answer is 2 – Total debits £745 – Total credits £350 = difference c/fwd on credit side of £395
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