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If creditors at 1 1 10 were Le 3 000 creditors ... - WAEC Accounting 2012 Question

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
correct option: c

29000 - 3000 = 26000

26000 + 5500 = 31500

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