Accounts (Principles of Accounts)Control accountsJAMB
Opening creditors ₦40,000; credit purchases ₦220,000; payments to creditors ₦190,000; discounts received ₦4,000; returns outwards ₦6,000. Closing creditors are
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Answer: D. ₦60,000
40,000 + 220,000 − 190,000 − 4,000 − 6,000 = ₦60,000.
An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.