Question on: WAEC Accounting - 1991
Use the following information to answer the given question
(\begin{array}{c|c} & \text{1/1/86} & \text{31/12/86} \ & N & N \ \hline creditors & 5,000 & 8,000 \ stock & 1,200 & 1,100 \ \text{Mark-up} & \text{25%} & \ \text{Cash paid to creditors} & N7,000 & \end{array})
Purchases for the year amounted to
A
N10,000
B
N8,000
C
N7,000
D
N6,900
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Correct Option: A
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