Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hline \text{Debtors (1/1/98)} & 2,000 \\ \text{Debtors (31/12/98)} &...

The debtors balance to be shown in the Balance Sheet at 31st December, 1998 is N1,250. The debtors' balance is the amount of money owed to the business by its customers at a particular point in time. To calculate the debtors balance, we start with the opening balance of debtors (i.e., the amount owed at the beginning of the year), add any credit sales made during the year, and then subtract any cash received from debtors, bad debts written off, and any discounts allowed. In this case, we start with the opening balance of debtors, which is N2,000. We then subtract the cash received from debtors (N6,000), bad debts written off (N750), and discounts allowed (N500), giving us a balance of N2,000 - N6,000 - N750 - N500 = N1,250. Therefore, the debtors balance to be shown in the Balance Sheet at 31st December, 1998 is N1,250.