Mr. D. Duck, a sole trader has not maintained proper accounting records during the year. He provides
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Question:
Mr. D. Duck, a sole trader has not maintained proper accounting records during the year. He provides you with bank statements that show payments to suppliers of €86,167. You determine that the opening trade payables balance was €7,302 and the closing figure was €8,205. Cash purchases during the. year were €3,869.
What figure should be used for purchases for the year?
Related Book For
Taxation for Decision Makers 2014
ISBN: 9781118654545
6th edition
Authors: Shirley Dennis Escoffier, Karen Fortin
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