A sole trader did not keep proper books of account. The following information is available about 2014.

Question:

What were the business's purchases for 2014?

A. $166,000

B. $205,000

C. $214,000

D. $223,000

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 15, 2021 04:22 AM

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A sole trader did not keep proper books of account. The following information is available about 2014.

Question:

Payments to suppliers of goods 175 000 Cash discounts received 15 000 Purchases returns 9 000 Opening trade payables 25 000 Closing trade payables 49 000 %24

Step by Step Answer:

ANSWER B 205000 EXPLANATION The businesss purchas...View the full answer

Accounting For Cambridge International AS And A Level

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