Accounting WAEC

What is the creditors amount in the balance sheet?

Use the information to answer this question.

Payment to creditors ₦12,250
Creditors at start ₦550
Creditors at end ₦830

 

A. ₦550
B. ₦12,250
C. ₦12,530
D. ₦830

Correct Answer: Option D

D. ₦830

Explanation

The creditors at the end figure is used for the balance sheet.

Sunday

Recent Posts

GNS 322 Theory Questions: Concepts of Marriage, Family, and Kinship

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

23 mins ago

GNS 322 Theory Questions: Family Planning: Social Reactions, Advantages, Methods and Medical Roles

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

43 mins ago

GNS 320 Theory Question: The Importance and Study of African History

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

1 hour ago

GNS 320 Theory Questions: The Importance and Study of African History

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

1 hour ago

GNS 320 Theory Questions: The Early Civilization of Aksum: Factors and Influences

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

1 hour ago

GNS 320 Theory Questions: Britain’s Relationship with Sierra Leone: From Hesitation to Colonization to Independence

300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…

1 hour ago