Payments to suppliers during the year to 30 September 2012 were 486,780, taking advantage of 5% cash

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Payments to suppliers during the year to 30 September 2012 were £486,780, taking advantage of 5% cash discount offered by suppliers. Taking note of the information in the box on the left, identify the amount of purchases in the year.

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 28, 2023 08:22 AM

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Payments to suppliers during the year to 30 September 2012 were 486,780, taking advantage of 5% cash

Question:

As at 30 September Trade payables 2011 2012 £54,500 £65,900

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Financial Accounting An Introduction

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