Accounting WAEC

Opening creditors was N65,000, closing creditors was N41,000. Credit purchases was N200,000 and discount received N3,000. How much was paid to creditors?
Opening creditors was N65,000, closing creditors was N41,000. Credit purchases was N200,000 and discount received N3,000. How much was paid to creditors?Opening creditors was N65,000, closing creditors was N41,000. Credit purchases was N200,000 and discount received N3,000. How much was paid to creditors?

A. ₦262,000
B. ₦224,000
C. ₦221,000
D. ₦176,000

Correct Answer: Option C

C. ₦221,000

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5 years ago

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