What is the creditors amount in the balance sheet _______?

Creditors at start was N940 and purchases for the year was N4,060. During the year, cash paid to creditors was N3,890. N490 was received as discount. What is the creditors amount in the balance sheet?

A. N450
B. N620
C. N660
D. N1,110
E. N1,430

Correct Answer:

Option B – N620