If creditors at 1 January 20X3 were 2,500, creditors at 31 December 20X3 4,200 and payments to
Question:
If creditors at 1 January 20X3 were £2,500, creditors at 31 December 20X3 £4,200 and payments to creditors £32,000, then purchases for 20X3 are
(A) £30,300
(B) £33,700
(C) £31,600
(D) £38,700
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The formula to calculate purchases is Purchases Creditors at the beginn...View the full answer
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Related Book For 
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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