You are given the following information in relation to a business for the year ended on...
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You are given the following information in relation to a business for the year ended on 31st December 2020: SOFP extract Trade payables Inventory purchases of £26,000 (all on credit) were made during the year. How much cash was paid to suppliers in relation to inventory purchases during the year ended on 31st December 2020? (4 marks) 31st Dec 2020 £19,000 31st Dec 2019 £11,000 You are given the following information in relation to a business for the year ended on 31st December 2020: SOFP extract Trade payables Inventory purchases of £26,000 (all on credit) were made during the year. How much cash was paid to suppliers in relation to inventory purchases during the year ended on 31st December 2020? (4 marks) 31st Dec 2020 £19,000 31st Dec 2019 £11,000
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Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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