the most effective manner of confirming the closing balance of creditors account is
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Amt. of opening - Amt.in que
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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.
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