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.

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