SOLUTION: Mr B Smith, a debtor of Luna Transport Services, settled his account of R10 000 in cash on 5 February 20.8. A settlement discount of R1 000 was granted to Mr B Smith on 7 February

Question 1143981: Mr B Smith, a debtor of Luna Transport Services, settled his account of R10 000 in cash on 5 February 20.8. A settlement discount of R1 000 was granted to Mr B Smith on 7 February 20.8. The credit balance of the debtors account will be disclosed as … in the statement of financial position.
(1) Trade and other receivables
(2) Inventory
(3) Prepaid expenses
(4) Income received in advance
(5) Trade and other payables
Answer by ikleyn(52787) (Show Source): You can put this solution on YOUR website!
.

The aim of this forum is to help school students in Math.

Your post DOES NOT relate to Math.

It relates to other discipline.

Find another, more appropriate site for this post / (for such posts).

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I personally am very impressed that this forum achieved so wide popularity that visitors submit their questions from
totally different areas of knowledge.

Nevertheless, let me remind/explain you that posting RELEVANT questions is a form of politeness.

In opposite, posting IRRELEVANT questions is totally different (if not opposite) form.

For example, I should spend my time practically for nothing explaining it to you . . .

Have a nice evening (!)

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