Question on: WAEC Accounting - 2008
Use the following to answer the given question
\(\begin{array}{c|c} & ₦\ \hline \text{Opening debtors} & 40,000\ \text{Opening creditors} & 30,000 \ \text{Credit sales} & 100,000\ \text{Credit purchases} & 80,000 \ \text{Bad debts}& 5,500\ \text{Set-offs} & 65,500\end{array}\)
Closing creditors figure is
\(\begin{array}{c|c} & ₦\ \hline \text{Opening debtors} & 40,000\ \text{Opening creditors} & 30,000 \ \text{Credit sales} & 100,000\ \text{Credit purchases} & 80,000 \ \text{Bad debts}& 5,500\ \text{Set-offs} & 65,500\end{array}\)
Closing creditors figure is
A
₦115,500
B
₦110,000
C
₦95,500
D
₦44,500
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Correct Option: D
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