Amount owed to creditors on 31/12/19 is
...Use the following information to answer this question
₦
Creditors (01/01/19) 223,000
Creditors (31/12/19) 316,000
Credit purchases 1,426,000
Discount received 64,000
Company's cheque dishonoured 90,000
Amount owed to creditors on 31/12/19 is
₦406,000
₦342,000
₦316,000
₦226,000
Correct answer is C
No explanation has been provided for this answer.
Use the following to answer the given question Creditors Control Account: \(\begin{array}{c|c}...
Reccurrent expenditure of government is paid from ...
In departmental accounts, administrative expenses are recorded in the ...
A debit entry in a fixed asset account represents ...
Adama's bank account showed an overdraft of N600 on 31st march. On going through the account, it...
A ledger is classified into ...
\(\begin{array}{c|c} & ₦\\ \hline \text{Opening stock} & 40,000\\ \text{Purchases} & 1...