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

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, the wages recorded in the balance sheet as at 30/6/08 is
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  • A Le 2,400
  • B Le 8,400
  • C Le 8,000
  • D Le 7,600
Correct Answer: Option B
Explanation:

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