WAEC Book Keeping 2025 Theory — Question 9
Question 9 of 40 from the West African Examinations Council (WAEC) Book Keeping 2025 Theory paper, with the correct answer and a full explanation.
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State the effect on the balance sheet of: paid creditors by cheque.
Model answer
Decreases bank balance (asset) and decreases creditors/accounts payable (liability) equally.
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