Use the following to answer the given question ... - WAEC Accounting 1997 Question
Use the following to answer the given question
Creditors Control Account:
\(\begin{array}{c|c} & & & N \ \hline Bank & \text{"X"} & \text{Balanxe b/d} & 1,200 \ Discount & 30 & \text{"Y"} & 1,800 \ \text{Balance c/d} & 450 & & \ \hline & & & & \hline \end{array}\)
The balance of 450 in the above accounts represents
Creditors Control Account:
\(\begin{array}{c|c} & & & N \ \hline Bank & \text{"X"} & \text{Balanxe b/d} & 1,200 \ Discount & 30 & \text{"Y"} & 1,800 \ \text{Balance c/d} & 450 & & \ \hline & & & & \hline \end{array}\)
The balance of 450 in the above accounts represents
A
trading account item
B
profit and loss account item
C
current asset
D
current liability
correct option: d
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