Question: Question 3 You are given the following information in relation to a business for the year ended on 31st December 2020: SOFP extract Trade

Question 3 You are given the following information in relation to a

Question 3 You are given the following information in relation to a business for the year ended on 31st December 2020: SOFP extract Trade payables 31st Dec 2020 19,000 31st Dec 2019 11,000 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)

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