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WAEC Accounting 2010 Paper

Question : 7

Total: 44

Jan. 1	N
1∕1∕08 Capital introduced by cash	50,000
2∕1∕08 Bought goods for retail by cash	10,000
3∕1∕08 Sold 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

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