WAEC Accounting 2021 Objective — Question 37
Question 37 of 50 from the West African Examinations Council (WAEC) Accounting 2021 Objective paper, with the correct answer and a full explanation.
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Amount owed to creditors on 31/12/19 is
- A. N406,000
- B. N342,000
- C. N316,000Correct
- D. N226,000
Explanation
The closing creditors balance as at 31/12/19, as extracted directly from the given information, is N316,000.
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