Opening creditors was N65,000, closing creditors was N41,000. Credit purchases was N200,000 and discount received…

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Accounts - Principles of Accounts WAEC 2003

Opening creditors was N65,000, closing creditors was N41,000. Credit purchases was N200,000 and discount received N3,000. How much was paid to creditors?

  • ₦262,000
  • ₦224,000
  • ₦221,000 checkmark
  • ₦176,000

The correct answer is: C

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