Use the following to answer the given question \(\begin{array}{c|c} & ₦\\ \hline \text{Opening debtors} & 40,000\\ \text{Opening creditors} & 30,000 \\ \tex...

Answer Details

To find the closing debtors figure, we need to use the formula: Closing debtors = Opening debtors + Credit sales - Bad debts - Set-offs Plugging in the given values, we get: Closing debtors = 40,000 + 100,000 - 5,500 - 65,500 Closing debtors = 69,000 Therefore, the closing debtors figure is ₦69,000.