Question

6) the closing balance of trade debtors can be located from...
a)the debtors account
b)the creditors account
c)bills receivable account
d)cash book

Answer 1

Explanation:

The closing balance of trade debtors can be located fr the a) the debtors account.

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Answer 2

The balance of trade debtors can be determined from the debtor account.

The end balance is moved to the asset side of the balance sheet. A Debt holder account isn't considered as income. Debt holder implies cash owed by the clients. The closing debtor can be determined by: credit sales + opening debtor - cash paid by the debtor  - bill receivable provided - bad debt. Debt holder account generally shows charge balance. It never shows a credit balance. Assuming it shows a credit balance, then, at that point, it implies there is a mistake.