Concept:The amount owed to creditors on a specific date is the creditors balance shown for that date.Explanation:The question states Creditors (31/12/19) as NGN316,000.This is the exact amount still owed to suppliers at the end of the year.Items like credit purchases, discount received, and dishonoured cheques would be used if we were preparing a creditors control account.Here, the closing balance is already given directly, so no calculation is needed.Therefore, the amount owed to creditors on 31/12/19 is N316,000.Answer:C. N316,000