If , in a given business, all the balances in the debtors ledger added up to R
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Question:
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
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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