Accounting WAEC

What us the amount of purchase?

Use the information to answer this question.

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

 

A. ₦11,970
B. ₦11,000
C. ₦1,250
D. ₦12,053

Correct Answer: Option C

Explanation

12,250 + 830 – 550
13,080 – 550
₦12,530

Sunday

Recent Posts

OOU JUPEB Admission For Agricultural Extension

Do you want to study Agricultural Extension in OOU? Before you apply for the OOU…

11 months ago

OOU JUPEB Admission For Agricultural Economics

Do you want to study Agricultural Economics in OOU? Before you apply for the OOU…

11 months ago

OOU JUPEB Admission For Cooperative and Business Management

Do you want to study Cooperative and Business Management in OOU? Before you apply for…

11 months ago

OOU JUPEB Admission For Home and Hotel Management

Do you want to study Home and Hotel Management in OOU? Before you apply for…

11 months ago

OOU JUPEB Admission For Animal Production

Do you want to study Animal Production in OOU? Before you apply for the OOU…

11 months ago

OOU JUPEB Admission For Crop Production

Do you want to study Crop Production in OOU? Before you apply for the OOU…

11 months ago