Question: 4. Annie is a sole trader who does not keep full accounting records. The following details relate to her transactions with credit customers and suppliers

Annie is a sole trader who does not keep full accounting records. The following details relate to her transactions with credit customers and suppliers for the year ended 30 June 20X6:

Trade receivables, 1 July 20X5 130,000 Trade payables, 1 July 20X5 60,000 Cash received from customers 686,400 Cash paid to suppliers 302,800 Discounts received 2,960 Contra between payables and receivables ledgers 2,000 Trade receivables, 30 June 20X6 181,000 Trade payables, 30 June 20X6 84,000 What figure should appear for purchases in Annie's statement of profit or loss for the year ended 30 June 20X6?

(2 marks)

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