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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 ...

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
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  • A Le 12,400
  • B Le 6,000
  • C Le 2,400
  • D Le 2,000
Correct Answer: Option C
Explanation:
The wages owed as at 30/6/08, wages of Le 2,400

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