Accountancy, asked by mohankotian27, 5 months ago

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

Answers

Answered by umangsaraswat2020
0

Answer:

Amt. of opening - Amt.in que

Answered by aliyasubeer
0

Answer:

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

Explanation:

CREDITORS CONTROL ACCOUNT reflects the total amount owed to all the individual creditors. The balance of the creditors control account must equal the total of the creditors list, which represents the amounts owed by the individual creditors obtained from the individual balances in the various subsidiary ledger accounts for each creditor.

Similar questions