Particulars relating to a Newsagent are stated. The cash takings during the year ended 30 June 2012 were £594,800. The sales are made at cost plus 10%. A trade debt of £300 was written off. Identify the amount of purchases in the year ended 30 June 2012.

Transcribed Image Text:

As at 30 June Trade receivable Inventory 2011 2012 £49,800 £59,700 £39,200 £42,400