$\begin{array}{c|c} & ₦ \\ \hline \text{Opening balance} & 1,894 Dr \\ \text{Cheques received from customers} & 7,286\\ \text{Cash received from customers} & 1,236 \\ \text{Returned from customers} & 296 \\ \text{Closing balance} & 3,368 Dr\end{array}$

The closing balance of ₦3,368 Dr is classified in the balance sheet as a

Similar Questions

Which of the following is an example of Personal Accounts? ...

Which of the following is used in locating errors in the ledger? ...

The income and expenditure account of a club is the same as ...

Gross profit in the branch adjustment account is transferred to the branch____________ ...

A major cause of discrepancy between bank statement and the cash book that overstates the bank state...

The authority to incur expenditure in the public sector is......... ...

At the end of a financial period, the trading profit and loss account of a sole trader  shows...

The total debtors account of a trading concern is N13,000. Out of this 2 percent is irrecoverable; 5...

Payment to creditors is  ...

Accumulated depreciation on the asset as at 31/12/81 was ...