Given: Cash purchases …………………………N25000 Trading creditors……………………….N45000 Opening balance of trade creditors………..N35000 Calculate the purchases for…

Accounts - Principles of Accounts JAMB 2002

Given:

Cash purchases …………………………N25000
Trading creditors……………………….N45000
Opening balance of trade creditors………..N35000

Calculate the purchases for the period?

  • N80,000
  • N35,000
  • N105,000
  • N70,000 checkmark

The correct answer is: D

Explanation

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