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Dr J Khumalo is a doctor who has a practice in London. Information relating to medical supplies for the three-month period from 1 January 20X8
Dr J Khumalo is a doctor who has a practice in London. Information relating to medical supplies for the three-month period from 1 January 20X8 to 31 March 20X8 is provided below.
| C |
Medical supplies unused at 1 January 20X8 | 290 |
Accounts payable at 1 January 20X8 | 350 |
Medical supplies purchased on credit from1 January 20X8 to 31 March 20X8 | 2 700 |
Accounts payable at 31 March 20X8 | 490 |
Medical supplies unused at 31 March 20X8 | 620 |
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- The accounts payable represent the amounts owing to the supplier.
- The amounts for medical supplies are material in relation to the practice.
Required
- Calculate the amount of the cash paid to the supplier during the three months from 1 January 20X8 to 31 March 20X8.
- Calculate the amount of the medical supplies used during the three months from 1 January 20X8 to 31 March 20X8.
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