Business Studies > 2016 PAPER I > 52
BECE/Junior WAEC
Balance sheet at 31st December 2014
| Capital | 11500 | Fixed assets | |
| Add net profit | 500 | Land and building | * |
| 12 000 | Furniture and fittings | 2 000 | |
| Less drawings | Motor car | 1 000 6 000 | |
| Current Liabilities | Current Assets | 3 000 | |
| Creditors | Stock | 1 000 | |
| Owing | 400 --- 1 000 | Debtors | 6 400 |
| bank | 12 400 | ||
| 12 400 | 12 400 |
What is the total amount of creditors?
A.
₦1,000
B.
₦900
C.
₦800
D.
₦700
E.
₦600
Answer: E
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