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WAEC Accounting 2012 Objective — Question 48

Question 48 of 50 from the West African Examinations Council (WAEC) Accounting 2012 Objective paper, with the correct answer and a full explanation.

(Using the same information as Q47) The liability is

A. D7,580
B. D6,580
C. D5,380
D. D1,000Correct

Explanation

The liability (creditors) = D1,000. (Check workings above.)

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