WAEC - Accounts Principles Of Accounts (2021 - No. 37)

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

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

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