Gce Model Questions Vol1 2022 Financial Accounting Question 23

A partnership's trial balance at year‑end contains the following items (all amounts in \(\text{₦}\)). Assets: - Cash: 20,000 (debit) - Debtors: 35,000 (debit) - Inventory: 45,000 (debit) - Equipment (cost): 60,000 (debit) - Accumulated depreciation: amount unknown (credit) - Pre‑paid expenses: 5,000 (debit) Liabilities: - Sundry creditors: amount unknown (credit) - Bank loan: 30,000 (credit) Equity: - Capital: 80,000 (credit) - Drawings: 10,000 (debit) - Net profit: 15,000 (credit) Additional information: - Depreciation on equipment for the year is \(\text{₦}12,000\). - Accumulated depreciation at the beginning of the year was \(\text{₦}8,000\). Determine the amount of Sundry creditors that will balance the trial balance.