Use the following information to answer the question below 01/01/2016 31/12/2016 Trade debtors 80,000 100,000 Trade creditors 30,000 40,000 Stock 70,000 90,...

Assessment: WAEC SSCE - Financial Accounting - 2018 (Objective) Subject: Financial Accounting

Question 1 Report

Use the following information to answer the question below

01/01/2016 31/12/2016
Trade debtors 80,000 100,000
Trade creditors 30,000 40,000
Stock 70,000 90,000

Cheques received from trade debtors in 2016: 350,000
Payment made to trade creditors in 2016: 220,000

Credit sales for 2016 is?

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Past Papers Across IGCSE, JAMB, WAEC & NECO
Over 3000 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning