Calculate the total purchase of a business from... - JAMB Accounting 2015 Question
Calculate the total purchase of a business from the given information, cash purchases 3000; payments to creditors 54,000; creditors at the beginning 4000; creditors at the end 2,000
A
N52,000
B
N51,000
C
N55,000
D
N50,000
correct option: c
Total purchases = credit purchases plus cash purchases i.e. N52000 + N3000 = N55,000
Please share this, thanks:
Add your answer
No responses