What is the balance carried down on the following debtor account on the 20 June ………..?
Select ONE answer:
- £520 debit
- £520 credit
- £1,250 credit
- None of the above
Show your workings to arrive at your answer, and explain and justify your reasons:
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This multiple choice question is suitable for Accounting KS5 classes.
The answer is 1 – Total debits at 20 June is only £850 – Total credits £330 = difference c/fwd on credit side at that date of £520
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