Debtors account is prepared to find out
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Answer:
Total debtors account is prepared to ascertain
A. Purchases.
Credit sales.
Closing stock.
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Debtors account is prepared to find out credit sales.
Credit sales:
- A credit sale is one in which the money owing is deferred and paid at a later date.
- Credit sales, in other words, are purchases made by customers who do not pay in full, cash, at the time of purchase.
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