If accounts payable at 1 January 2016 were 2,500, accounts payable at 31 December 2016 4,200 and

Question:

If accounts payable at 1 January 2016 were £2,500, accounts payable at 31 December 2016

£4,200 and payments to creditors £32,000, then purchases for 2016 are

(A) £30,300

(B) £33,700

(D) £38,700

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Frank Woods Business Accounting Volume 1

ISBN: 9781292084664

13th Edition

Authors: Alan Sangster, Frank Wood

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Question Posted: Mar 29, 2024 01:01 AM

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If accounts payable at 1 January 2016 were 2,500, accounts payable at 31 December 2016 4,200 and

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To calculate the purchases for 2016 we can use the following formula Purchase...View the full answer

Frank Woods Business Accounting Volume 1

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