Question on: WAEC Accounting - 2012
If creditors at 1\1\10 were Le 3,000; creditors at 31/12/10 Le 5,500 and payments to creditors Le 29,000. The purchases figure for 2010 is
A
Le 34,500
B
Le 32,000
C
Le 31,500
D
Le 26,500
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Correct Option: C
29000 - 3000 = 26000
26000 + 5500 = 31500
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