What is the balance carried down on the following debtor account on the 20 July ………..?
Select ONE answer:
- £650 credit
- £1,000 credit
- £1,300 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 3 – At 20 July Total debits £1,950 – Total credits £650 = difference c/fwd on credit side of £1,300
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