On 1/7/07, a trader owed wages of Le 2,000. During the year ended 30/6/08, wages...

WAEC 2010

On 1/7/07, a trader owed wages of Le 2,000. During the year ended 30/6/08, wages of Le 2,400 were owed and Le 8,000 were paid. Using the information, wages recorded in the balance sheet as at 30/6/08 is

A. Le 12,400
B. Le 6,000
C. Le 2,400
D. Le 2,000

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Correct Answer: Option C

Explanation

The wages owed as at 30/6/08, wages of Le 2,400

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On 1/7/07, a trader owed wages of Le 2,000. During the year ended 30/6/08, wages...

Correct Answer: Option C

Explanation

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