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?

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

Correct Answer: Option C

C. ₦221,000

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6 years ago

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