Accounts (Principles of Accounts)Control accountsWAEC
Opening creditors ₦20,000; credit purchases ₦60,000; payments ₦55,000; returns outwards ₦3,000. Closing creditors are
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Answer: A. ₦22,000
20,000 + 60,000 − 55,000 − 3,000.
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.