Question

the most effective manner of confirming the closing balance of creditors account is​

Answer 1

The most effective manner of confirming the closing balance of creditors account is​ total creditors account.

• A creditor represents a person, or so business which is owed money because they have performed a service or good, or loaned money to another entity.  
• An enterprise, deals with two specific types of chief creditors on a regular basis, which in common are the direct loans and the trade creditors.
• Thus, to ascertain there closing balance the total creditors account is typically referred.