What is the balance carried down on the following creditor account on the 30 June ………..?
Select ONE answer:
- £200 debit
- £200 credit
- £300 debit
- 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 30 June is only £1,200 – Total credits £1,400 = difference b/fwd on the debit side at that date of £200
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