Use the following to answer the given question

Creditors Control Account:
\(\begin{array}{c|c} & & & N \\ \hline Bank & \text{"X"} & \text{Balanxe b/d} & 1,200 \\ Discount & 30 & \text{"Y"} & 1,800 \\ \text{Balance c/d} & 450 & & \\ \hline & & & & \hline \end{array}\)

"Y" represents

Similar Questions

In a departmental account, where no basis of apportionment exist, apportionment is ...

The issued share capital is the number of shares that are  ...

In departmental accounts, rent is appointed on the basis of ...

A business includes 50% mark-up on all its products. This would mean margin of  ...

The method that provides a reliable check upon cash and stock at the branch and discloses the gross ...

In government accounting, the method used which records on the basis of financial entity with self-b...

If the partnership agreement does not specify how net profit is to be divided, the profit should be ...

As part of the initial investment, a partner contributes office equipment that originally cost N20,0...

All cash transactions of a not-for-profit making organization are recorded in ...

Use the following information to answer the given question. John and Johnson are in partnership, sh...