Accounts > 2010 > 7
WASSCE
Use the following information to answer this question.
| Jan. 1 | ₦ |
| 1/1/08 Capital introduced by cash | 50 000 |
| 2/1/08 Bought goods for retail by cash | 10 000 |
| 3/1/08 Bought fixtures by cash | 5 000 |
| 4/1/08 Sold goods to Lagbaja on credit | 3 000 |
| 5/1/08 Bought goods on credit from Tamedu | 8 000 |
Balance in Purchases Account at 5/1/08 is
A.
₦23,000
B.
₦ 18,000
C.
₦ 10,000
D.
₦ 8,000
Answer: B
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