14.20 A business has creditors at its year-end of 206 460. Purchases for the year are 1...
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14.20 A business has creditors at its year-end of £206 460. Purchases for the year are £1 952 278, of which 90% were made on credit. What is the creditors turnover period?
a) 42.9 days
b) 38.6 days
c) 34.7 days
d) 11.7 days.
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Related Book For
Business Accounting And Finance For Non Specialists
ISBN: 9781861528728
1st Edition
Authors: Catherine Gowthorpe
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