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Thursday, 02 April 2026
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Use the following to answer the given question Creditors Control Account: ...

Use the following to answer the given question
Creditors Control Account:
\(\begin{array}{c|c} & & & N \\ \hline Bank & \text{"X"} & \text{Balance b/d} & 1,200 \\ Discount & 30 & \text{"Y"} & 1,800 \\ \text{Balance c/d} & 450 & & \\ \hline & & & & \hline \end{array}\)
How much "X" ?
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  • A N3,480
  • B N2,520
  • C N1,800
  • D N1,320
  • E N1,200
Correct Answer: Option B
Explanation:

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